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The September 30 bank statement for Bennett Company and the September ledger account for cash are summarized here: Balance, September 1 Deposits recorded during September
The September 30 bank statement for Bennett Company and the September ledger account for cash are summarized here: Balance, September 1 Deposits recorded during September Checks cleared during September NSF checks-Betty Brown Bank service charges Balance, September 30 BANK STATEMENT Checks Deposits Balance $ 6,550 $26,150 32,700 $26,400 110 6,300 6,190 43 6,147 6,147 Cash (A) Sept. 1 Balance Sept. Deposits 6,550 Sept. Checks written 28,900 29,400 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. 2. Prepare the 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 September 30 balance sheet
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