Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the september 30 bank statement for bennett compan

The September 30 bank statement for Bennett Company and the September ledger account for cash...

80.2K

Verified Solution

Question

Accounting

The September 30 bank statement for Bennett Company and the September ledger account for cash are summarlzed here:
BANIK STATEMENT
No outstanding checks and no deposits in transit were cairiled over from August; however, there are deposits in transit and checks outstanding at the end of September.
Requlred:
Complete the following bank reconcilliation.
Prepare the journal entrles that should be made as the result of the bank reconcillation.
What should the balance In the Cash account be after the reconciliation entrles?
What total amount of cash should the company report on the September 30 balance sheet?
Complete this question by entering your answers in the tabs below.
Required 2
Required 4
Prepare the journal entries that should be made as the result of the bank reconciliation. (If no entry is nequired for a transaction/event, select "No journal entry required" in the first account fieldi).
Journal entry worksheet
1,2,3,4
Recond the entry for checks cleared during September.
Note: Enter debits before credits.
\table[[Transaction,General Journal,Debit,Credit],[September 30,,,],[,,,],[,,,],[,,,]]
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students