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.
2. Prepare the journal entries necessary to make the company’s book balance of cash equal to the reconciled cash balance as of July 31. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
2 | |||
Transaction | General Journal | Debit | Credit |
a. | No journal entry required | ||
b. | No journal entry required | ||
c. | Rent expense | 10 | |
Cash | 10 | ||
d. | Cash | 10,000 | |
Notes receivable | 10,000 | ||
e. | Accounts receivable—E. Shaw | 805 | |
Cash | 805 | ||
f. | Miscellaneous expenses | 15 | |
Cash | 15 | ||
g. | No journal entry required |
Required information [The following information applies to the questions displayed below.] The following information is available...
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. On July 31, the company’s Cash account has a $25,027 debit balance, but its July bank statement shows a $27,114 cash balance. Check No. 3031 for $1,400, Check No. 3065 for $476, and Check No. 3069 for $2,168 are outstanding checks as of July 31....
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. On July 31, the company’s Cash account has a $25,180 debit balance, but its July bank statement shows a $27,263 cash balance. Check No. 3031 for $1,400, Check No. 3065 for $476, and Check No. 3069 for $2,168 are outstanding checks as of July 31....
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. On July 31, the company’s Cash account has a $24,906 debit balance, but its July bank statement shows a $27,589 cash balance. Check No. 3031 for $1,640, Check No. 3065 for $596, and Check No. 3069 for $2,408 are outstanding checks as of July 31....
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 $25,486 debit balance, but its July bank statement shows a $28,221 cash balance b. Check No. 3031 for $1,660, Check No. 3065 for $606, and Check No. 3069 for $2,428 are outstanding checks as of July...
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 $25,359 debit balance, but its July bank statement shows a $27,270 cash balance. b. Check No. 3031 for $1,330, Check No. 3065 for $441, and Check No. 3069 for $2,098 are outstanding checks as of July...
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 $25,359 debit balance, but its July bank statement shows a $27,270 cash balance. b. Check No. 3031 for $1,330, Check No. 3065 for $441, and Check No. 3069 for $2,098 are outstanding checks as of July...
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 $25,630 debit balance, but its July bank statement shows a $28,044 cash balance. b. Check No. 3031 for $1,530, Check No. 3065 for $541, and Check No. 3069 for $2,298 are outstanding checks as of July...
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, 2017 a. On July 31, the company's Cash account has a $25,640 debit balance, but its July bank statement shows a $28,631 cash balance. b. Check No. 3031 for $1,780 and Check No. 3040 for $882 were outstanding on the June 30 bank reconciliation. Check No....
Che 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 $27,497 debit balance, but its July bank statement shows a $27,233 cash balance. b. Check No. 3031 for $1,482, Check No. 3065 for $382, and Check No. 3069 for $2.281 are outstanding checks as of...
The following information is available to reconcile Branch Company’s book balance of cash with its bank statement cash balance as of July 31. On July 31, the company’s Cash account has a $25,740 debit balance, but its July bank statement shows a $27,575 cash balance. Check No. 3031 for $1,300, Check No. 3065 for $426, and Check No. 3069 for $2,068 are outstanding checks as of July 31. Check No. 3056 for July rent expense was correctly written and...