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

BANK STATEMENT
	Checks				Deposits				Balance
Balance, June 1										$	7,750
Deposits during June						$	15,950				23,700
Checks cleared during June		$	16,700								7,000
Bank service charges			27								6,973
Balance, June 30											6,973

Cash (A)
June 1 Balance	7,750	June Checks written	19,250
June Deposits	18,400

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 $2,450 is in transit at the end of June.

2. Prepare the journal entry that should be made as a result of the bank reconciliation. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

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?