E$6-28($Algo$)$ Preparing Bank Reconciliation and Entries and Reporting Cash LO$6-4$

The September $30$ bank statement for Bennett Company and the September ledger account for cash are summarized here:

BANK STATEMENT

Checks Deposits Balance

Balance, September $1$ $ $7,000$

Deposits recorded during September $ $26,85033,850$

Checks cleared during September $ $26,4007,450$

NSF checks$$Betty Brown $1207,330$

Bank service charges $417,289$

Balance, September $307,289$

Cash $($A$)$

Debit Credit

September $1$ Balance $7,000$ September Checks written $29,600$

September Deposits $28,500$

No outstanding checks and no deposits in transit were carried over from August; however, there are deposits in transit and checks outstanding at the end of September.

Required:

$1.$ Complete the following bank reconciliation.

$2.$ Prepare the journal entries that should be made as the result of the bank reconciliation.

$3.$ What should the balance in the Cash account be after the reconciliation entries?

$4.$ What total amount of cash should the company report on the September $30$ balance sheet?