The September 30, 2011, bank statement for Russell Company and the September ledger accounts for cash are summarized here:

No outstanding cheques and no deposits in transit were carried over from August; however, there are deposits in transit and cheques outstanding at the end of September.
Required:
1. Reconcile the balance in the bank account with the cash balance in the books at September 30, 2011.
2. Prepare any journal entries that should be made as a result of the bank reconciliation.
3. What should be the balance in the cash in bank account after the reconciliation entries?
4. What total amount of cash should the company report on the statement of financial position at September 30, 2011?

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Balance, September 1, 2011 Deposits recorded during September Bank Statement Cheques Deposits Balance $ 6,300 $27,000 33,300 $28,500 150 50 4,800 4,650 4,600 4,600 Cheques cleared during September NSF cheque-Betty Brown Bank service charges Balance, September 30, 2011