The September 30, 2014, bank statement for Bennett Company and the September ledger accounts for cash are summarized here: BANK STATEMENT Checks Deposits Balance, September 1, 2014 Balance $ 7,450 Deposits recorded during $26,900 34,350 September Checks cleared during $27,000 7,350 September NSF checks-Betty Brown 160 7,190 Bank service charges 58 7,132 Balance, September 30, 7,132 2014 Sept. 1 Balance Sept. Deposits Cash (A) Sept. Checks 7,450 written 28,250 29,150 No outstanding checks and no deposits in transit were carried over from August; however, there are deposits in transit and checks outstanding at the end of September. Required: 1. Reconcile the bank account. Additions: Deductions: Company's Books BENNETT COMPANY Bank Reconciliation, September 30, 2014 0 0 Additions: Deductions: Bank Statement 0 0 0 0 Correct cash balance Correct cash balance 2. Prepare the 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 Journal entry worksheet < 1 2 Record service charges deducted from bank account. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit 2. Prepare the 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 Journal entry worksheet < 1 2 Record entry for customer check returned due to insufficient funds. Note: Enter debits before credits. Transaction 2 General Journal Debit Credit 3. What should the balance in the Cash account be after the reconciliation entries? Cash balance What total amount of cash should the company report on the September 30 balance sheet? Total amount of cash