Question: Nile Cloud Read.. 11 341 - Introductio... UMB - Computers apter 6 HW Saved Help Save & E Che The September 30 bank statement for
Nile Cloud Read.. 11 341 - Introductio... UMB - Computers apter 6 HW Saved Help Save & E Che The September 30 bank statement for Bennett Company and the September ledger account for cash are summarized here: BANK STATEMENT Checks Deposits $26,900 Balance, September 1 Deposits recorded during September Checks cleared during September NSE checks-Betty Brown Bank service charges Balance, September 30 $27,400 170 60 Balance $ 6,500 33,400 6,000 5,830 5,770 5,770 Sept. 1 Balance Sept. Deposits Cash (A) Sept. Checks written 6,500 28,100 28,900 No outstanding checks and no deposits in transit were carried over from August; however, there are deposits in transit and ch outstanding at the end of September Required: 1. Reconcile the bank account. 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 Sentember 30 balance sheet
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
