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This one below is incomplete.... The September 30 bank statement for Bennett Company and the September ledger account for cash are summarized here: Deposits $26,900

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This one below is incomplete....

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The September 30 bank statement for Bennett Company and the September ledger account for cash are summarized here: Deposits $26,900 BANK STATEMENT Checks Balance, September 1 Deposits recorded during September Checks cleared during September $27,400 NSF checks-Betty Brown 170 Bank service charges 60 Balance, September 30 Balance $ 6,500 33,400 6,000 5,830 5,770 5,770 Cash (A) Sept. Checks written 28,900 Sept. 1 Balance Sept. Deposits 6,500 28,100 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? Cash (A) Sept. Checks written Sept. 1 Balance Sept. Deposits 6,500 28,100 28,900 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? Answer is not complete. Complete this question by entering your answers in the tabs below. 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/event, select "No journal entry required" in the first account field.) No 1 Credit Transaction A General Journal Debit 27,400 27,400 X No Transaction Recorded Required 3 Required 1 Required 2 Required 4 Reconcile the bank account. BENNETT COMPANY Bank Reconciliation, September 30 Company's Books Bank Statement $ 5,770 Ending balance per cash account 5,700 Ending balance per bank statement Additions: Additions: Deposit transit 1,200 1,200 6,970 5,700 Deductions: Deductions: NSF check Betty Brown 170 Outstanding checks 1,500 Bank service charges 60 1,500 230 5,470 5,470 Correct cash balance Correct cash balance

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