Question: Requlred lnformatlon Problem 8-4A (Algo) Preparing a bank reconciliation and recording entries LO P3 [The following information applies to the questions displayed below.] The following
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Requlred lnformatlon Problem 8-4A (Algo) Preparing a bank reconciliation and recording entries LO P3 [The following information applies to the questions displayed below.] The following information is avallable 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 $25,768 debit balance. but its July bank statement shows a $28.078 cash balance. b. Check Number 3031 for $1,490. Check Number 3065 for $521, and Check Number 3069 for $2.258 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 $8.000cash 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 $12 bank service charge. it has not yet been recorded in miscellaneous expenses because no previous notification had been received. Q. Branch's July 31 daily cash receipts of $9.132 were placed in the bank's night depository on that date but do not appear on the July 31 bank statement. Requlred: 1. Prepare the bank reconciliation for this company as of July 31
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