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 Balance, June 1 Deposits during June $15,300 Checks cleared during June $ 16,750 Bank service charges 34 Balance, June 30 Balance $ 6,950 22,250 5,500 5,466 5,466 Cash (A) June Checks 6,950 written 18,850 June 1 Balance June Deposits 19.100 Required: 1. Reconcile the bank account. A comparison of the checks written with the checks that have cleared the bank shows outstanding checks of $2,350. A deposit of $3,550 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