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Please show work and explain. The February 28, Year 1, bank statement for Bennett Company and the February ledger accounts for cash are summarized here:

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The February 28, Year 1, bank statement for Bennett Company and the February ledger accounts for cash are summarized here: BANK STATEMENT Checks Deposits Balance Balance, February 1, Year 1 $ 7,800 Deposits recorded during February $32,280 40,080 Checks cleared during February $32,880 7,200 NSF checks-Patty Prichard 204 6,996 Bank service charges 72 6,924 Balance, February 28, Year 1 6,924 Cash (A) Feb. 1 Balance 7,800 Feb. Checks written 34,680 Feb. Deposits 33,720 No outstanding checks and no deposits in transit were carried over from January; however, there are deposits in transit and checks outstanding at the end of February.Required: 1. Reconcile the bank account. 2. Give any 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 February 28 balance sheet

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