E6-26 Preparing Bank Reconciliation, Entries, and Reporting Cash LO6-4

The September 30 bank statement for Bennett Company and the September ledger accounts for cash are summarized here:

BANK STATEMENT
	Checks				Deposits				Balance
Balance, September 1										$	7,000
Deposits recorded during September						$	26,200				33,200
Checks cleared during September		$	26,800								6,400
NSF checksBetty Brown			150								6,250
Bank service charges			50								6,200
Balance, September 30											6,200

Cash (A)
Sept. 1 Balance	7,000	Sept. Checks written	29,800
Sept. Deposits	28,700

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.

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.)

3. What should the balance in the Cash account be after the reconciliation entries?

4. What total amount of cash should the company report on the September 30 balance sheet?