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The September 30 bank statement for Bennett Company and the September ledger accounts for cash are summarized here: BANK STATEMENT Checks Deposits Balance Balance, September
The September 30 bank statement for Bennett Company and the September ledger accounts for cash are summarized here:
BANK STATEMENT | ||||||||||||
Checks | Deposits | Balance | ||||||||||
Balance, September 1 | $ | 7,000 | ||||||||||
Deposits recorded during September | $ | 26,200 | 33,200 | |||||||||
Checks cleared during September | $ | 26,800 | 6,400 | |||||||||
NSF checksBetty Brown | 150 | 6,250 | ||||||||||
Bank service charges | 50 | 6,200 | ||||||||||
Balance, September 30 | 6,200 | |||||||||||
|
Cash (A) | |||||||
Sept. 1 Balance | 7,000 | Sept. Checks written | 29,800 | ||||
Sept. Deposits | 28,700 | ||||||
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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.
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. Bank ber 30 Co checks s Books Bank Statement Additions: Deductions Deductions t cash balance 700 Correct cash balance 2. Prepare the journal entries that should be made as the result of the bank reconc ation. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list View journal entry worksheet No redit Bank service char 50 Cash 50 Cash 150 Accounts receivable Brown 150 3. What should the balance in the Cash account be after the reconciliation entries? S 5,700 4. What total amount of cash should the company report on the September 30 balance sheet? S 5,700
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