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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 $ 7,450

Bentley Companys June 30 bank statement and June ledger account for cash are summarized below: BANK STATEMENT Checks Deposits Balance Balance, June 1 $ 7,450 Deposits during June $ 15,800 23,250 Checks cleared during June $ 16,550 6,700 Bank service charges 22 6,678 Balance, June 30 6,678 Cash (A) June 1 Balance 7,450 June Checks written 19,100 June Deposits 18,450 Required: 1. Reconcile the bank account. A comparison of the checks written with the checks that have cleared the bank shows outstanding checks of $2,550. A deposit of $2,650 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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