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1 question 4 parts E6-27 (Algo) Preparing Bank Reconciliation and Entries and Reporting Cash LO6-4 Bentley Company's June 30 bank statement and June ledger account
1 question 4 parts
E6-27 (Algo) Preparing Bank Reconciliation and Entries and Reporting Cash LO6-4 Bentley Company's June 30 bank statement and June ledger account for cash are summarized below: Required: 1. Complete the following bank reconciliation. A comparison of the checks written with the checks that have cleared the bank shows outstanding checks of $2,700. A deposit of $2,050 is in transit at the end of June. 2. Prepare the journal entry that should be made as a result of the bank reconciliation. 3. What is the balance in the Cash account after the reconciliation entries? 4. What is the total antount of cash that should be reported on the balance sheet at June 30 ? Complete this question by entering your answers in the tabs below. Complete the following bank reconciliation. A comparison of the checks written with the checks that have cleared the bank shows outstanding checks of $2,700. A deposit of $2,050 is in transit at the end of June. 3. What is the balance in the Cash account after the reconciliation entries? 4. What is the total amount of cash that should be reported on the balance sheet at June 30 ? Complete this question by entering your answers in the tabs below. Complete the following bank reconciliation. A comparison of the checks written with the checks that have cleared the bank shows outstanding checks of $2,700. A deposit of $2,050 is in transit at the end of June. Journal entry worksheet Record the entry for deposits during June. Note: Enter debits before credits: Journal entry worksheet Record the entry for checks cleared during June. Note: Enter debits before credits. Journal entry worksheet Record service charges deducted from bank account. Note: Enter debits becore aredits: 3. Wh that should be made as a result of the bank reconciliation. 4. What is the balance in the Cash account after the reconciliation entries? 4. What is the total amount of cash that should be reported on the balance sheet at June 30 ? Complete this question by entering your answers in the tabs below. What is the balance in the Cash account after the reconciliation entries? shows outstanding checks of $2,700. A deposit of $2,050 is in transit at the end of June. 2. Prepare the journal entry that should be made as a result of the bank reconciliation. 3. What is the balance in the Cash account after the reconciliation entries? 4. What is the total amount of cash that should be reported on the balance sheet at June 30 ? Complete this question by entering your answers in the tabs below. What is the total amount of cash that should be reported on the balance sheet at June 30 Step by Step Solution
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