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with solutions please! thank you! Bentley Company's June 30 bank statement and June ledger account for cash are summarized below: BANK STATEMENT Balance $ 6,500
with solutions please! thank you!
Bentley Company's June 30 bank statement and June ledger account for cash are summarized below: BANK STATEMENT Balance $ 6,500 22,700 6,100 6,060 Checks Deposits Balance, June 1 Deposits during June Checks cleared during June Bank service charges Balance, June 30 $16,200 $16,600 40 6,060 Cash (A) 19,000 June 1 Balance June Checks written 6,500 18,100 June Deposits Required: 1. Reconcile the bank account. A comparison of the checks written with the checks that have cleared the bank shows outstanding checks of $2,400. A deposit of $1,900 is in transit at the end of June. 2. Prepare the journal entry that should be made as a result of the bank reconciliation. 3. What is the balance in the Cash account after the reconciliation entries? 4. What is the total amount of cash that should be reported on the balance sheet at June 30? Answer is not complete. Complete this question by ent tab your answers in Required 3 Required 1 Required 2 Required 4 Reconcile the bank account. A comparison of the checks written with the checks that have cleared the bank shows outstanding checks of $2,400. A deposit of $1,900 is in transit at the end of June. BENTLEY COMPANY Bank Reconciliation, June 30 Bank Statement Company's Books $ 5,600 $ 6,060 Ending balance per bank statement Ending balance per cash account Additions: Additions: Ending balance per cash account Deposit in transit 1,900 1,900 5,600 7,960 Deductions: Deductions: Bank service charge 40 Outstanding checks 2,400 Bank service charge 2,400 40 X 5,560 5,560 Correct cash balance Correct cash balance XAnswer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 What is the balance in the Cash account after the reconciliation entries? Cash balance XAnswer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 What is the total amount of cash that should be reported on the balance sheet at June 30? Total amount of cashStep by Step Solution
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