Bentley Companys June 30, 2014, bank statement and June ledger accounts for cash are summarized below: Required:

Bentley Company’s June 30, 2014, bank statement and June ledger accounts for cash are summarized below:

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. Give any journal entries 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 June30?

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BANK STATEMENT Balance, June 1, 2014 Deposits during June Checks cleared during June Bank service charges Balance, June 30, 2014 Cheeks Deposits alance $6,500 22,700 6,100 6,060 6,060 $16,200 $16,600 40 Cash (A) 6,500 June Checks written June 1 Balance June Deposits 19,000 18,100