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Bentley Companys June 30 bank statement and June ledger account for cash are summarized below: BANK STATEMENT Checks Deposits Balance Balance, June 1 $ 7,100

Bentley Companys June 30 bank statement and June ledger account for cash are summarized below:

BANK STATEMENT
Checks Deposits Balance
Balance, June 1 $ 7,100
Deposits during June $ 15,350 22,450
Checks cleared during June $ 16,350 6,100
Bank service charges 31 6,069
Balance, June 30 6,069

Cash (A)
Debit Credit
June 1 Balance 7,100 June Checks written 19,250
June Deposits 18,800

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 $2,900. A deposit of $3,450 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?image text in transcribed
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 $2,900. A deposit of $3,450 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

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