Required information Problem 8-4A Preparing a bank reconciliation and recording adjustments LO P3 The following information applies to the questions displayed below! The following information is available to reconcile Branch Company's book balance of cosh with its bank statement cash bolance as of July 31 31 a. On July 31, the company's Cash account has a $24.800 debit balance, but its July bank statement shows a $26.863 cash balance b. Check No 3031 for $1390, Check No 3065 for $471, and Check No 3069 for $2,158 are outstanding checks as of July c. Check No 3056 for July rent expense was correctly written and drawn for $1.240 but was orroneously entered in the accounting records as $1,230 d. The July bank statement shows the bank collected $6,000 cash on a note for Branch Branch had not recorded this event before receiving the statement e. The bank statement shows an $805 NSF check. The check had been received from a customer, Evan Shaw Branch has not yet recorded this check as NSF 1. The July statement shows a $9 bank service charge. It has not yet been recorded in miscellaneous expenses because no previous notification had been received 9. Branch's July 31 daily cash receipts of $7132 were placed in the bank's night depository on that date but do not appear on the July 31 bank statement Problem 8-4A Part 1 2 Required: 1. Prepare the bank reconciliation for this company as of July 31 $ 24 800 Bank statement balance Add Deposit of July 31 $ 7,132 BRANCH COMPANY Bank Reconciliation July 31 $ 26,863 Book balance Add Error (Check 3056) 7,132 Proceeds from note 33,995 Deduct NSF check Service charge $ (10) 6,000 5,990 30,790 Deduct Check No. 3031 Check No. 3065 Check No. 3060 805 1,390 471 2,158 Adjusted bank balance $ 4,019 29,976 Adjusted book balance 814 29,976 $