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

No outstanding checks and no deposits in transit were noted in August. However, there are deposits in transit and checks outstanding at the end of September. The NSF check and EFT involved transactions with Cadieux Companys customers.

1)

Prepare a bank reconciliation.

2)

Prepare any journal entries that should be made as the result of the bank reconciliation.

3) What should the balance in the Cash account be after recording the journal entries in requirement 2?

4 )If the company also has $340 of petty cash on hand (recorded in a separate account), what total amount of cash should the company report on the September 30 balance sheet?

Balance, September 1 September 7 September 11 September 12 September 17 September 26 September 29 September 30 Sep 1 Balance Sep 10 Sep 30 Sep 30 Balance BANK STATEMENT Checks Other Deposits Balance 1,940 90 1,850 NSF check 4,760 $2,910 #101 770 3,990 2,350 #102 1,640 80 #103 2,270 215 EFT deposit 135 205 Service charge 10 Cash (A) 1,940 770 2,910 Sep 10 #101 2,350 1,640 Sep 15 #102 #103 2.270 Sep 22 #104 40 Sep 28 2.480