Question

On July 31, the company's Cash account has a $24.866 debt balance, but its Julybank statement shows a $27,224 cash balance Check No. 3031 for $1510, Check No. 3065 for $531, and Check No. 3069 for $2.278 are outstanding checks as of July 31 Check No. 3056 for July rent expense was correctly written and drawn for $1.260 but was erroneously entered in the accounting records as $1,250 d. The July bank statement shows the bank collected $9.500 cash on a note for Branch Branch had not recorded this event before receMing 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. 1. 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 Branch's Juy 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 Problem 6-4A Part 2 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. Or no entry is required for a transaction event, select "No journal entry required in the first account feld) View transaction list Journal entry worksheet < 1 2 3 4 5 Record the adjusting entry required, if any, related to the July 31 cash balance. Note: Enter debits before credits Credit Record entry View general journal Clear entry

Answer 1

Transaction	General Journal	Debit	Credit
a.	No journal entry required
b.	No journal entry required
c.	Rent expense	10
	Cash		10
d.	Cash	9,500
	Notes receivable		9,500
e.	Accounts receivable—E. Shaw	805
	Cash		805
f.	Miscellaneous expenses	14
	Cash		14
g.	No journal entry required