The September bank statement and cash T-account for Terrick Company follow:

There were no deposits in transit or outstanding checks at August 31.

Required:

1. Identify and list the deposits in transit at the end of September.

2. Identify and list the outstanding checks at the end of September.

3. Prepare a bank reconciliation for September.

4. Give any journal entries that the company should make as a result of the bank reconciliation.

5. After the reconciliation journal entries are posted, what balance will be reflected in the Cash account in the ledger?

6. If the company also has $200 of petty cash on hand, which is recorded in a different account called Petty Cash on Hand, what total amount of Cash and Cash Equivalents should be reported on the September 30 balance sheet?

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BANK STATEMENT Date Checks Deposits Other Balance $ 75,900 Sept. 1 $ 4,120 71,780 84,830 101,740 $14,000 27,000 13 950 23 10,090 28 8,700 1,130 93,040 108,410 $500 29 17,000 NSF* 30 Interest earned 60 108,470 108,430 Service charge 30 40 *NSF check from B. Frank, a customer. Cash (A) Sept. 1 Deposits Sept. 11 Checks written during September: 4,120 Balance 75,900 14,000 27,000 17,000 21,000 950 10,090 8,700 23 29 30 500 1,130 6,000 Sept. 30 Balance 123,410