Required information E5-6 Preparing a Bank Reconciliation and Journal Entries and Reporting Cash (LO 5-4) [The following information applies to the questions displayed below.) The September 30 bank statement for Cadieux Company and the September ledger account for cash are summarized here: BANK STATEMENT Checks Deposits Other lance 2 NOW U OU NSF check $ 90 Balance, September 1 September 7 September 11 September 12 September 17 September 26 September 29 $2,850 CASH #1 OOO WN ZOO September 30 DO Sep 1 Balance 1,900 Sep 2,850 10 Sep 2,250 1,600 30 Sep 12,250 19 40 Sep Balance 2,360 #103 30 No outstanding checks and no deposits in transit were noted in August. However, there are deposits in transit and checks outstanding at the end of September. The NSF check and EFT involved transactions with Cadieux Company's customers. E5-6 Part 1 Required: 1. Prepare a bank reconciliation. Bank Statement Ending Balance per Bank Statement Additions: CADIEUX COMPANY Bank Reconciliation September 30 Company's Books Ending Balance per Cash Account Additions: of Deductions: Deductions: Up-to-Date Cash Balance o Up-to-Date Cash Balance E5-6 Part 2 2. Prepare any 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.) View transaction list by a A Record the electronic funds transfer of $125 made by a customer on their account. B Record the service charges of $10 deducted by the lank. C Record the return of the customer check of $90 due to insufficient funds. Credit Earlier this month, check #104 was recorded as a $40 cash payment. The check is still outstanding at the end of the month. Note : Journal entry has been entered Record entry Clear entry View general Journal Prepare any journal entries that should be made as the result of the bank reco transaction/event, select "No Journal Entry Required" in the first account fie View transaction list account. B Record the service charges of $10 deducted by the bank. by a C Record the return of the customer check of $90 due to indficient funds. D Earlier this month, check #104 was recorded as a $40 cash payment. The check is still outstanding at the end of the month. Credit E On September 30, a deposit of $2,250 was recorded, but the deposit was still in transit at the end of the month. Note : = journal entry has been entered Record entry Clear entry View general journal E5-6 Part 3 3. What should the balance in the Cash account be after recording the journal entries in requirement 27 Balance E5-6 Part 4 4. the company also has $300 of petty cash on hand recorded in a separate account what total amount of each should the company report on the September 30 balance sheet? Total amount of
