! Required information CP5-3 (Algo) Identifying Outstanding Checks and Deposits in Transit and preparing a Bank Reconciliation and Journal Entries (LO 5-4, LO 5-5) (The following information applies to the questions displayed below.] The August bank statement and cash T-account for Martha Company follow: Checks BANK STATEMENT Deposits Other $ 160 $ 9,900 Date August 1 August 2 August 3 August 4 August 5 August 9 August 10 August 15 August 21 August 24 August 25 August 30 August 30 August 31 260 180 610 170 Balance $ 14, 460 14,300 24, 200 23,940 23,760 23, 150 22,980 3,300 26,280 260 16,700 5,950 660 26,020 9,320 15,270 14,610 14,630 14,620 Interest earned Service charge $ 20 10 Cash (A) Debit Credit 14, 460 August 1 Balance Deposits August 2 August 12 August 24 August 31 9,900 3,300 5,950 4,300 Checks written 160 260 180 170 610 220 340 660 260 16,700 August 1 August 2 August 3 August 4 August 5 August 15 August 17 August 18 August 19 August 23 August 31 Balance 18,350 No deposits were in transit and no checks were outstanding at the end of July. CP5-3 (Algo) Part 5 and 6 CP5-3 (Algo) Part 5 and 6 5. After the reconciliation journal entries are posted, what balance will be reflected in the Cash account in the ledger? 6. If the company also has $65 of petty cash on hand, which is recorded in a different account called Petty Cash on Hand, what total amount of Cash and Cash Equivalents should be reported on the August 31 balance sheet? 5. Balance in Cash Accounts 6. Total Amount of Cash and Cash Equivalents