E6-27 (Algo) Preparing Bank Reconciliation and Entries and Reporting Cash L06-4 Bentley Company's June 30 bank statement and June ledger account for cash are summarized below: BANK STATEMENT Checks Deposits $15,400 Balance, June 1 Deposits during June Checks cleared during June Bank service charges Balance, June 30 $16,950 32 Balance $ 7,000 22,400 5,450 5,418 5,418 CashA 7,000 Sune Checks written 18,50 June 1 Balance June Deposits 19,050 Required: 1. Reconcile the bank account. A comparison of the checks written with the checks that have cleared the bank shows outstanding checks of $2,100. A deposit of $3.500 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 302 2 1. Reconcile the bank account. A comparison of the checks written with the checks that have cleared the bank shows outstanding checks of $2,100. A deposit of $3.500 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 307 56 Complete this question by entering your answers in the tabs below. Required: Required 2 Required) Roured 4 Reconcile the bank account. A comparison of the checks written with the checks that have cleared the bank shows outstanding checks of $2,100. A deposit of $3.500 is in transit at the end of kine BENTLEY COMPANY Bank Reconciliation, June 30 Company's Books Bank Statement Additions: Additions 0 0 Deductions: Deductions: 0 corre cash balance Carred cash balance