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Preparing Bank Reconciliation and Entries and Reporting Cash Bentley Company's June 30 bank statement and June ledger account for cash are summarized below: E6-27 LO6-4

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Preparing Bank Reconciliation and Entries and Reporting Cash Bentley Company's June 30 bank statement and June ledger account for cash are summarized below: E6-27 LO6-4 BANK STATEMENT Checks Deposits Balance $16.200 Balance, June 1 Deposits during June Checks cleared during June Bank service charges Balance, June 30 $16,600 40 $ 6,500 22.700 6.100 6,060 6,060 Cash (A) 6,500 June 18,100 Checks written 19,000 June ! Balance June Deposits Required: 1. Reconcile the bank account. A comparison of the checks written with the checks that have cleared the bank shows outstanding checks of $2,400. A deposit of $1,900 is in transit at the end of June. 2. Give any journal entries 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

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