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hey it keeps on telling me incomplete does anyone onow what i forgot Bentley Company's June 30 bank statement and June ledger account for cash
hey it keeps on telling me incomplete does anyone onow what i forgot
Bentley Company's June 30 bank statement and June ledger account for cash are summarized below: Deposits BANK STATEMENT Checks Balance, June 1 Deposits during June Checks cleared during June $16,600 Bank service charges 37 Balance, June 30 $15,700 Balance $ 7,050 22,750 6,150 6,113 6,113 June 1 Balance June Deposits Cash (A) June Checks 7,050 written 18,600 19,300 Required: 1. Reconcile the bank account. A comparison of the checks written with the checks that have cleared the bank shows outstanding checks of $2,700. A deposit of $2,900 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 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 $2,700. A deposit of $2,900 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 $ 6,350 Ending balance per bank statement Additions: Deposit in transit $ 6,113 2,900 2,900 9,013 Deductions: Bank service charge 37 6,350 Deductions: Outstanding checks 37 6,313 Correct cash balance 2,700 Correct cash balance 2,700 6,313 Step by Step Solution
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