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The September 30 bank statement for Bennett Company and the September ledger accounts for cash are summarized here: 2. Prepare the journal entries that should
The September 30 bank statement for Bennett Company and the September ledger accounts for cash are summarized here:
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.)
BANK STATEMENT Checks Deposits Balance Balance, September 1 Deposits recorded during September Checks cleared during September NSF checks-Betty Brown Bank service charges Balance, September 30 $ 7,450 33,600 6,800 6,660 6,619 6,619 $ 26,150 $ 26,800 140 41 Cash (A) Sept. 1 Balance Sept. Deposits 7,450Sept. Checks written 28,500 29,350 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 BENNETT COMPANY Bank Reconciliation, September 30 Company's Books Bank Statement Additions: Additions: Deductions Deductions Correct cash balance Correct cash balance
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