E6-27 (Algo) Preparing Bank Reconciliation and Entries and Reporting Cash LO6-4 Bentley Company's June 30 bank statement and June ledger account for cash are summarized below: BANK STATEMENT Checks Deposits $15,600 Balance, June 1 Deposits during June Checks cleared during June Bank service charges Balance, June 30 Balance $ 7,200 22,800 6,650 6,613 6,613 $16,150 37 June 1 Balance June Deposits Cash (A) 7,200 June Checks written 19,000 19,650 Required: 1. Reconcile the bank account. A comparison of the checks written with the checks that have cleared the bank shows outstanding checks of $3,500. A deposit of $3,400 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. Required 1 Required 2 Required 3 Required 4 Reconcile the bank account. A comparison of the checks written with the checks that have cleared the bank shows outstanding checks of $3,500. A deposit of $3,400 is in transit at the end of June. Company's Books Ending balance per cash account Additions: BENTLEY COMPANY Bank Reconciliation, June 30 Bank Statement $ 7,200 Ending balance per bank statement Additions: Deposit in transit $ 6,613 3,400 3,400 10,013 7,200 Deductions: Deductions: Bank service charge 34 Outstanding checks 3,500 34 3,500 Correct cash balance 7,166 Correct cash balance 6,513 View transaction list Journal entry worksheet Record the entry for deposits during June. Note: Enter debits before credits. General Journal Debit Credit Date June 30 Record entry Clear entry View general journal Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Record any journal entries that should be made as a 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 the entry for checks cleared during June. Note: Enter debits before credits. Date General Journal Debit Credit June 30 Record entry Clear entry View general journal Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Record any journal entries that should be made as a 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. Date General Journal Debit Credit June 30 Record entry Clear entry View general journal 4. Vilal is lle lolal dinou CdSillidl SloUI Delep led Ollile Udidlice leel dl Jure JU! ces Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 What is the balance in the Cash account after the reconciliation entries? Cash balance Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 What is the total amount of cash that should be reported on the balance sheet at June 30? Total amount of cash
