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The September 30 bank statement for Bennett Company and the September ledger accounts for cash are summarized here: No outstanding checks and no deposits in
The September 30 bank statement for Bennett Company and the September ledger accounts 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. Reconcile the bank account. Required: 1. Reconcile the bank account. 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.) Journal entry worksheet Record service charges deducted from bank account. Note: Enter debits before credits. Journal entry worksheet Record entry for customer check returned due to insufficient funds. Note: Enter debits before credits. 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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