E6-26 Preparing Bank Reconciliation, Entries, and Reporting Cash L06-4 The September 30 bank statement for Bennett Company and the September ledger accounts for cash are summarized here: BANK STATEMENT Checks Deposits $ 26,600 Balance September 1 Deposits recorded during September Checks cleared during September NSF checks Betty Brown Bank service charges Balance, September 30 $26.950 150 Balance $ 7,200 33,800 6.850 6.700 6.652 6.652 Sept. 1 Balance Sept. Deposits Cash (A) 7,200 Sept. Checks written 28,150 No outstanding checks and no deposits in transit were carried over from August; however, there are deposits in transit and checks outstanding at the end of September. Required: 1. Reconcile the bank account. Company's Books BENNETT COMPANY Bank Reconciliation, September 30 Bank Statement Ending balance per bank statement Additions: Additions: Deductions: Deductions: Correct cash balance Correct cash balance 2. Prepare the journal entries that should be made as the result of the bank reconciliation. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record service charges deducted from bank account. Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general Journal 3. What should the balance in the Cash account be after the reconciliation entries? Cash balance 4. What total amount of cash should the company report on the September 30 balance sheet? Total amount of cash