90.2K

Verified Solution

Link Copied!

seulen.com Burton Chew Homework.com Help Save & Ex hapter Homework Check 1 0 Required information The following information applies to the questions displayed below The following information is available to reconcle Branch Company's book balance of cash with its bank statement cash balance of July 31 a. On y 3, the company's Cash account has a $25,499 debit balance, but its uly tank statement shows a $27626 cash balance Check No 303 for $140. Check No. 3065 for $486, and Check No 1069 for $2,208 are outstanding checks as of Check No 2056 for dyrent expense was correctly witten and drawn for $1230 but was erroneously entered in the d. The Juy bank statement shows the bank codected $6.500 cash on a note for Branch, Branch had not recorded the accounting records as $020 event before receiving the statement The bank statement shows an $805 NSF check the choice had been received from a customer, Evan Show. Branch e not yet recorded the check as NSF. 1. The July statement shows a $10 bank service charge. It is not yet been recorded in miscellaneous experes because 9. Grachy sy day cash recept of $2682 were placed in the banks right depoutory on that date but do not appear on the Juy 31 bank statement Required: Preberreconciliation for this company as of July 31 BRANCH COMPANY Ban Recent July 31 Pre 12 Next > So 3 $ 4 % 5 8 9 0 E R. T Y U 0 S D G concen New Comen Help Save & EX apter Homework Chec 1 has not yet recorded this check as NSF The Adly statement shows a 510 bank service charge. It has not yet been recorded in miscellaneous expenses because no previous notification had been received 5. Branch July 3 dally cash receipts of $7632 were placed in the bank's night depository on that date but do not appear on the July 31 bank statement 17 Required: 1. Prepare the bank reconciliation for this company as of July 31 OR BRANCH COMPANY Bank concen 11 321.220 Book baie Adid Herbal A 2723 Dedict Acuedan ble Proy 2 of 4 ! Next > V 3 4 5 6 & 7 8

Answer & Explanation Solved by verified expert

See Answer