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Required information Problem 8-4A Preparing a bank reconciliation and recording adjustments LO P3 [The following informationRequired: 1. Prepare the bank reconciliation for this company as of July 31, 2017 BRANCH COMPANY Bank Reconciliation July 31,2. Prepare the journal entries necessary to bring the companys book balance of cash into conformity with the reconciled cashJournal entry worksheet Record the adjusting entry required, if any, related to the outstanding checks. Note: Enter debits beJournal entry worksheet < 1 2 3 4 5 6 7 Record the adjusting entry required, if any, related to Check No. 3056. Note: Enter dJournal entry worksheet Record the adjusting entry required, if any, related to the non-interest-bearing note. Note: Enter deJournal entry worksheet < 1 2 3 4 6 7 Record the adjusting entry required, if any, related to the NSF check. Note: Enter debiJournal entry worksheet < 1 2 3 4 5 Record the adjusting entry required, if any, related to bank service charges. Note: EnterJournal entry worksheet < 1 2 3 4 5 6 Record the adjusting entry required, if any, related to the July 31 deposit. Note: Ente

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BRANCH COMPANY
Bank Reconciliation
July 31, 2017
Bank statement balance 27425 Book balance 24754
Add: Add:
Deposit of July 31 9652 Proceeds of note less collection charge 8457
9652 8457
37077 33211
Deduct: Deduct:
Check No. 3031 1660 NSF check including fee 805
Check No. 3065 606 Service charge 13
Check No. 3069 2428 Error (Check 3056) 10
4694 828
Adjusted bank balance 32383 Adjusted book balance 32383
Transaction General Journal Debit Credit
a. No journal entry required
b. No journal entry required
c. Rent expense 10
Cash 10
d. Cash 8,457
Collection expense 43
Notes receivable 8,500
e. Accounts receivable—E. Shaw 805
Cash 805
f. Miscellaneous expenses 13
Cash 13
g. No journal entry required
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