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 Debit September 1 Balance September Deposits BANK STATEMENT Required 1 Required 2 Cash (A) Additions: Checks Credit 6,850 September Checks written 28,850 Required 3 $ 26,400 180 44 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. Complete this question by entering your answers in the tabs below. Complete the following bank reconciliation. Required: 1. Complete the following bank reconciliation. 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? Deposits $ 26,200 Company's Books Required 4 Balance $ 6,850 33,050 6,650 6,470 6,426 6,426 BENNETT COMPANY Bank Reconciliation, September 30 0 Additions: 0 0
The September 30 bank statement for Bennett Company and the September ledger account for cash are summarized here: 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. Complete the following bank reconclilation. 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? Complete this question by entering your answers in the tabs below. Complete the following bank reconciliation. Required: 1. Complete the following bank reconcillation. 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? Complete this question by entering your answers in the tabs below. Complete the following bank reconciliation. Complete this question by entering your answers in the tabs below. Prepare the journal entries that should be made as the result of the bank reconcillation. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Record the entry for checks cleared during September. Note: Enter debits before credits. Prepare the journal entries that should be made as the result of the bank reconcillation. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Record the entry for deposits during September. Note: Enter debits before credits. Prepare the journal entries that should be made as the result of the bank reconcillation. (If no entry is required for a transaction/even select "No journal entry required" in the first account field.) Journal entry worksheet 4 Record service charges deducted from bank account. Note: Enter debits before credits: repare the journal entries that should be made as the result of the bank reconcliation. (If no entry is required for a transaction/event, elect "No fournal entry required" In the first account field.) Journal entry worksheet Record entry for customer check returned due to insufficient funds. Note: Enter debits before credits. 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. Complete the following bank reconciliation. 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? Complete this question by entering your answers in the tabs below. What should the balance in the Cash account be after the reconcilation entries? No outstanding checks and no deposits in transit were carried over from August; however, there are deposits in transit and chec outstanding at the end of September. Required: 1. Complete the following bank reconcillation. 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 reconcillation entries? 4. What total amount of cash should the company report on the September 30 balance sheet? Complete this question by entering your answers in the tabs below. What total amount of cash should the company report on the September 30 balance sheet? The September 30 bank statement for Bennett Company and the September ledger account for cash are summarized here: 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. Complete the following bank reconclilation. 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? Complete this question by entering your answers in the tabs below. Complete the following bank reconciliation. Required: 1. Complete the following bank reconcillation. 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? Complete this question by entering your answers in the tabs below. Complete the following bank reconciliation. Complete this question by entering your answers in the tabs below. Prepare the journal entries that should be made as the result of the bank reconcillation. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Record the entry for checks cleared during September. Note: Enter debits before credits. Prepare the journal entries that should be made as the result of the bank reconcillation. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Record the entry for deposits during September. Note: Enter debits before credits. Prepare the journal entries that should be made as the result of the bank reconcillation. (If no entry is required for a transaction/even select "No journal entry required" in the first account field.) Journal entry worksheet 4 Record service charges deducted from bank account. Note: Enter debits before credits: repare the journal entries that should be made as the result of the bank reconcliation. (If no entry is required for a transaction/event, elect "No fournal entry required" In the first account field.) Journal entry worksheet Record entry for customer check returned due to insufficient funds. Note: Enter debits before credits. 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. Complete the following bank reconciliation. 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? Complete this question by entering your answers in the tabs below. What should the balance in the Cash account be after the reconcilation entries? No outstanding checks and no deposits in transit were carried over from August; however, there are deposits in transit and chec outstanding at the end of September. Required: 1. Complete the following bank reconcillation. 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 reconcillation entries? 4. What total amount of cash should the company report on the September 30 balance sheet? Complete this question by entering your answers in the tabs below. What total amount of cash should the company report on the September 30 balance sheet
