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1) Required information [The following information applies to the questions displayed below.] The following information is available to reconcile Branch Companys book balance of cash with its bank statement cash balance as of July 31. On July 31, the companys Cash account has a $25,752 debit balance, but its July bank statement shows a $27,386 cash balance. Check No. 3031 for $1,240 and Check No. 3040 for $612 were outstanding on the June 30 bank reconciliation. Check No. 3040 is listed with the July canceled checks, but Check No. 3031 is not. Also, Check No. 3065 for $396 and Check No. 3069 for $2,008, both written in July, are not among the canceled checks on the July 31 statement. In comparing the canceled checks on the bank statement with the entries in the accounting records, it is found that Check No. 3056 for July rent expense was correctly written and drawn for $1,280 but was erroneously entered in the accounting records as $1,270. The July bank statement shows the bank collected $6,500 cash on a noninterest-bearing note for Branch, deducted a $33 collection expense, and credited the remainder to its account. Branch had not recorded this event before receiving the statement. The bank statement shows an $805 charge for a $795 NSF check plus a $10 NSF charge. The check had been received from a customer, Evan Shaw. Branch has not yet recorded this check as NSF. The July statement shows a $10 bank service charge. It has not yet been recorded in miscellaneous expenses because no previous notification had been received. Branchs July 31 daily cash receipts of $7,652 were placed in the banks night depository on that date but do not appear on the July 31 bank statement.

2)

[The following information applies to the questions displayed below.]

Chavez Company most recently reconciled its bank statement and book balances of cash on August 31 and it reported two checks outstanding, No. 5888 for $1,064 and No. 5893 for $482. The following information is available for its September 30 reconciliation.

From the September 30 Bank Statement

PREVIOUS BALANCE	TOTAL CHECKS AND DEBITS	TOTAL DEPOSITS AND CREDITS	CURRENT BALANCE
18,000	9,918	11,480	19,562

CHECKS AND DEBITS					DEPOSITS AND CREDITS
Date	No.	Amount			Date	Amount
09/03	5888	1,064			09/05	1,116
09/04	5902	717			09/12	2,231
09/07	5901	1,823			09/21	4,202
09/17		684	NSF		09/25	2,323
09/20	5905	952			09/30	20	IN
09/22	5903	422			09/30	1,588	CM
09/22	5904	2,148
09/28	5907	247
09/29	5909	1,861

From Chavez Companys Accounting Records

Cash Receipts Deposited
Date		Cash Debit
Sept.	5		1,116
	12		2,231
	21		4,202
	25		2,323
	30		1,784
			11,656

Cash Disbursements
Check No.		Cash Credit
5901			1,823
5902			717
5903			422
5904			2,103
5905			952
5906			1,039
5907			247
5908			448
5909			1,861
			9,612

Cash			Acct. No. 101
Date	Explanation	PR	Debit	Credit	Balance
Aug. 31	Balance				16,454
Sept. 30	Total receipts	R12	11,656		28,110
30	Total disbursements	D23		9,612	18,498

Additional Information Check No. 5904 is correctly drawn for $2,148 to pay for computer equipment; however, the recordkeeper misread the amount and entered it in the accounting records with a debit to Computer Equipment and a credit to Cash of $2,103. The NSF check shown in the statement was originally received from a customer, S. Nilson, in payment of her account. Its return has not yet been recorded by the company. The credit memorandum (CM) is from the collection of a $1,610 note for Chavez Company by the bank. The bank deducted a $22 collection expense. The collection and expense are not yet recorded.

2. Prepare journal entries to adjust the book balance of cash to the reconciled balance. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

3)

Required information

[The following information applies to the questions displayed below.]

Chavez Company most recently reconciled its bank statement and book balances of cash on August 31 and it reported two checks outstanding, No. 5888 for $1,064 and No. 5893 for $482. The following information is available for its September 30 reconciliation.

From the September 30 Bank Statement

PREVIOUS BALANCE	TOTAL CHECKS AND DEBITS	TOTAL DEPOSITS AND CREDITS	CURRENT BALANCE
18,000	9,918	11,480	19,562

CHECKS AND DEBITS					DEPOSITS AND CREDITS
Date	No.	Amount			Date	Amount
09/03	5888	1,064			09/05	1,116
09/04	5902	717			09/12	2,231
09/07	5901	1,823			09/21	4,202
09/17		684	NSF		09/25	2,323
09/20	5905	952			09/30	20	IN
09/22	5903	422			09/30	1,588	CM
09/22	5904	2,148
09/28	5907	247
09/29	5909	1,861

From Chavez Companys Accounting Records

Cash Receipts Deposited
Date		Cash Debit
Sept.	5		1,116
	12		2,231
	21		4,202
	25		2,323
	30		1,784
			11,656

Cash Disbursements
Check No.		Cash Credit
5901			1,823
5902			717
5903			422
5904			2,103
5905			952
5906			1,039
5907			247
5908			448
5909			1,861
			9,612

Cash			Acct. No. 101
Date	Explanation	PR	Debit	Credit	Balance
Aug. 31	Balance				16,454
Sept. 30	Total receipts	R12	11,656		28,110
30	Total disbursements	D23		9,612	18,498

Additional Information Check No. 5904 is correctly drawn for $2,148 to pay for computer equipment; however, the recordkeeper misread the amount and entered it in the accounting records with a debit to Computer Equipment and a credit to Cash of $2,103. The NSF check shown in the statement was originally received from a customer, S. Nilson, in payment of her account. Its return has not yet been recorded by the company. The credit memorandum (CM) is from the collection of a $1,610 note for Chavez Company by the bank. The bank deducted a $22 collection expense. The collection and expense are not yet recorded.

Required: 1. Prepare the September 30 bank reconciliation for this company.

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