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The September 30 bank statement for Bennett Company and the September ledger account for cash are summarized here: BANK STATEMENT Checks Deposits Balance Balance, September

The September 30 bank statement for Bennett Company and the September ledger account for cash are summarized here:

BANK STATEMENT
Checks Deposits Balance
Balance, September 1 $ 7,050
Deposits recorded during September $ 26,500 33,550
Checks cleared during September $ 26,750 6,800
NSF checksBetty Brown 180 6,620
Bank service charges 52 6,568
Balance, September 30 6,568

Cash (A)
Sept. 1 Balance 7,050 Sept. Checks written 29,700
Sept. Deposits 28,200

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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Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Reconcile the bank account. BENNETT COMPANY Bank Reconciliation, September 30 Company's Books Bank Statement Ending balance per bank statement Additions: Additions: Deposit in transit 0 0 0 Deductions: Deductions: Outstanding checks Bank service charges NSF check Betty Brown 0 Correct cash balance Correct cash balance Required 1 Required 2 Required 3 Required 4 Prepare the journal entries that should be made as the result of the bank reconciliation. (If no entry is required for a transaction/eve select "No journal entry required" in the first account field.) View transaction list View journal entry worksheet No Transaction General Journal Debit Credit 1 A Bank service charge expense Cash 2. B Accounts receivable (Betty Brown) Cash Required 1 Required 3

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