Required informationProblem $6-4$A $($Algo$)$ Preparing a bank reconciliation and recording entries LO P$3[$The following information applies to the questions displayed below.$]$The following information is available to reconcile Branch Company's book balance of cash with its bank statement cash balance as of July $31.$a$.$ On July $31,$ the company's Cash account has a $$25,587$ debit balance, but its July bank statement shows a $$27,376$cash balance.b$.$ Check Number $3031$ for $$1,280,$ Check Number $3065$ for $$416,$ and Check Number $3069$ for $$2,048$ are outstanding checks as of July $31.$c$.$ Check Number $3056$ for July rent expense was correctly written and drawn for $$1,220$ but was erroneously entered in the accounting records as $$1,210.$d$.$ The July bank statement shows the bank collected $$5,000$ cash on a note for Branch. Branch had not recorded this event before receiving the statement.e$.$ The bank statement shows an $$805$ NSF check. The check had been received from a customer, Ewan Shaw. Branch has not yet recorded this check as NSF$.$f$.$ The July statement shows a $$8$ bank service charge. It has not yet been recorded in miscellaneous expenses because no previous notification had been received.g$.$ Branch's July $31$ daily cash receipts of $$6,132$ were placed in the bank's night depository on that date but do not appear on the July $31$ bank statement.Problem $6-4$A $($Algo$)$ Part $1$Prev$23$of $4$Next