The September 30, 2014, bank statement and the September ledger accounts for cash for Russell Company are summarized below:
The September 30, 2014, bank statement and the September ledger accounts for cash for Russell Company are summarized below:

No outstanding cheques and no deposits in transit were carried over from August; however, there are deposits in transit and cheques outstanding at the end of September.
Required:
1. Reconcile the balance in the bank account with the cash balance in the books at September 30, 2014.
2. Prepare any journal entries that should be made as a result of the bank reconciliation.
3. What should be the balance in the cash in bank account after the reconciliation entries?
4. What total amount of cash should the company report on the statement of financial position at September 30, 2014?

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Bank Statement ues Deposits Balance. September 1, 2014 Deposits recorded during September Cheques cleared during September NSF cheque Betty Brown Bank service charges Balance, September 30, 2014 Balance 6,500 33,400 6,000 5,830 5,770 5,770 $26,900 $27,400 170 60 Sept. 1 Balance Sept Deposits Cash in Bankon 6,500 Sept. Cheques en 28,900 28,100 Cash on Hand Sept. 30 Balance 400