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Required information Problem 8-4A Preparing a bankr The following information applies to the questions displayed belowj The following information is available to reconcile Branch Company's book balance of cash with its bank statement cash ert 1 of 2 25 ints balance as of July 31, 2017 Skipped a. On July 31, the company's Cash account has a $27.497 debit balance, but its July bank statement shows a $27.233 cash balance b. Check No. 3031 for $1.482 and Check No. 3040 for $558 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 $382 and Check No. 3069 for $2.281, both written in July, are not among the canceled checks on the July 31 statement. Check No. 3056 for July rent expense was correctly written and drawn for $1,270 but was erroneously entered in the c. In comparing the canceled checks on the bank statement with the entries in the accounting records, it is found that accounting records as $1,250 d. The July bank statement shows the bank collected $8,000 cash on a noninterest-bearing note for Branch, deducted a $45 collection expense, and credited the remainder to its account. Branch had not recorded this event before receiving e The bank statement shows an $805 charge for a $795 NSF check plus a $10 NSF charge. The check had been f. The July statement shows a $25 bank service charge. It has not yet been recorded in miscellaneous expenses g. Branch's July 31 daily cash receipts of $11.514 were placed in the bank's night depository on that date but do not appear the statement. received from customer, Evan Shaw Branch has not yet recorded this check as NSF because no previous notification had been received on the July 31 bank statement Problem 8-4A Part1

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