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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
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: Balance, June 1 Deposits during June Checks cleared during June Bank service charges Balance, June 30 Debit June 1 Balance June Deposits Required 1 BANK STATEMENT 7,650 18,350 Cash (A) Required 2 Checks $ 16,850 24 Credit June Checks written Required 3 Deposits $ 15,400 Required: 1. Complete the following bank reconciliation. A comparison of the checks written with the checks that have cle shows outstanding checks of $3,050. A deposit of $2,950 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? Complete this question by entering your answers in the tabs below. Balance $ 7,650 23,050 6,200 6,176 6,176 Required 4 19,900 following bank reconciliation. A comparison of the checks written with the checks that have cleared the ba
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