PLEASE ANSWER ALL PARTS OR PART 2 IN PARTICULAR

No outstanding checks and no deposits in transit were carried over from August; however, there are deposits in transit and checks outstanding at the end of September.

Required:

1. Reconcile the bank account.

2. Prepare the journal entries that should be made as the result of the bank reconciliation.

- Record the entry for deposits during September.

- Record the entry for checks cleared during September.

- Record service charges deducted from bank account.

- Record entry for customer check returned due to insufficient funds.

3. What should the balance in the Cash account be after the reconciliation entries?

4. What total amount of cash should the company report on the September 30 balance sheet?

The September 30 bank statement for Bennett Company and the September ledger account for cash are summarized here: Deposits $26,700 BANK STATEMENT Checks Balance, September 1 Deposits recorded during September Checks cleared during September $26,500 NSF checks-Betty Brown 140 Bank service charges 45 Balance, September 30 Balance $ 7,400 34,100 7,600 7,460 7, 415 7,415 Cash (A) Sept. Checks written 29,400 Sept. 1 Balance Sept. Deposits 7,400 28,550 No outstanding checks and no deposits in transit were carried over from August; however, there are deposits in transit and checks outstanding at the end of September. Required: 1. Reconcile the bank account. 2. Prepare the journal entries that should be made as the result of the bank reconciliation. 3. What should the balance in the Cash account be after the reconciliation entries? 4. What total amount of cash should the company report on the September 30 balance sheet? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Prepare the journal entries that should be made as the result of the bank reconciliation. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)