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Please Help do all parts The September 30 bank statement for Bennett Company and the September ledger account for cash are summarized here BANK STATEMENT
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The September 30 bank statement for Bennett Company and the September ledger account for cash are summarized here BANK STATEMENT Checks Deposits Balance, September 1 Deposits recorded during September Checks cleared during September NSF checks-Betty Brown Bank service charges Balance, September 30 $ 26,400 $26,600 180 53 Balance 56,650 33,950 5,450 6,270 6,217 6,217 17 Sept. 1 Balance Sept. Deposits 6,650 28, 15e Cash (A) Sept. Checks written 29,450 You must figure out the deposits in transit and outstanding checks at the end of September by comparing the bank statement and the company's cash ledger (T-account). 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? Required 1 Required 2 Required 3 Required 4 Reconcile the bank account. BENNETT COMPANY Bank Reconciliation, September 30 Company's Books Bank Statement Additions: Additions: 0 0 Deductions: Deductions: 0 0 Correct cash balance Correct cash balance Red Required 2 > mnai entry worksheet 3 9 Checks at the end of September by comparing the bank statement and company's cash ledger (T-account). 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 What total amount of cash should the company report on the September 30 balance sheet? Total amount of cash Step by Step Solution
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