Question

PLEASE ANSWER ACCORDING TO THE RESPECTIVE TABLES; {THE BLUE HIGHLIGHT AREAS AROUND EACH UNIT} Thanks!!

Required information [The following information applies to the questions displayed below.] The following information is available 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 $24,980 debit balance, but its July bank statement shows a $26,313 cash balance. b. Check No. 3031 for $1,100, Check No. 3065 for $326, and Check No. 3069 for $1,868 are outstanding checks as of July 31. c. Check No. 3056 for July rent expense was correctly written and drawn for $1,290 but was erroneously entered in the accounting records as $1,280. d. The July bank statement shows the bank collected $9,500 cash 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. f. The July statement shows a $14 bank service charge. It has not yet been recorded in miscellaneous expenses because no previous notification had been received. g. Branch's July 31 daily cash receipts of $10,632 were placed in the bank's night depository on that date but do not appear on the July 31 bank statement.

Answer 1

Journal

Date	Account title	Debit	Credit
a	No journal entry required
b	No journal entry required
c	Rent expense	10
	Cash		10
	(To record unrecorded Rent expense)
d	Cash	9,500
	Note receivable		9,500
	(To record note collection by bank)
e	Accounts receivable - Evan shaw	805
	Cash		805
	(To record NSF check)
f	Miscellaneous expense	14
	Cash		14
	(To record bank service charge)
g	No journal entry required

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