The September 30 bank statement for Bennett Company and the September ledger account for cash...
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Accounting
The September bank statement for Bennett Company and the September ledger account for cash are summarized here:
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.
Requlred:
Complete the following bank reconciliation.
Prepare the journal entries that should be made as the result of the bank reconciliation.
What should the balance in the Cash account be after the reconciliation entries?
What total amount of cash should the company report on the September balance sheet?
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Complete the following bank reconciliation.
BENNETT COMPANY
Bank Reconciliation, September
Company's Books
Bank Statement
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