Question

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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  • CreatedJuly 01, 2014
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