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Required information Problem 6.4A (Algo) 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 at cash with its bank statement cash balance as of July 31 a. On July 31, the company's Cash account has a $25,057 debit balance, but its july bank stenient shows a $26160 b. Check No 3031 for $1010 Check No 3065 for $281, and Check No. 3069 for $1778 are outstanding checks as of July 31 c. Check No 3056 for July rent expense was correctly wine and drawn for $1220 but was erroneously entered in the Accounting records as $1210 d. The Julybank statement shows the bank collected $6,500 cash on a note for Branch Branch had not recorded this event before receiving the statement e. The bank statement shows an 3805 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 $10 bank service charge it has not yet been recorded in miscellaneous expenses because no previous notification had been received Branch July 31 daily cash receipt of $7632 were placed in the bank's night depository on that date but do not appear on the July 31 bank statement

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