Note:-Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.Answer completely.You will get up vote for sure. The September 30 bank statement for Bennett Company and the September ledger account for cash are summarized here:Balance, September 1Deposits recorded during SeptemberChecks cleared during SeptemberNSF checks-Betty BrownBank Service chargesBalance, September 30DebitSeptember 1 BalanceSeptember DepositsRequired 1Required 2View transaction list1BANK STATEMENTNo outstanding checks and no deposits in transit were carried over from August; however, there are deposits in transit and checksoutstanding at the end of September.Complete this question by entering your answers in the tabs below.7,00028,850Required: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?Journal entry worksheet2Cash (A)3TransactionSeptember 30Required 3Note: Enter debits before credits.Checks$ 26,50014051CreditSeptember Checks writtenPrepare the journal entries that should be made as the result of the bank reconciliation. (If no entry is required for a transaction/event,select "No journal entry required" in the first account field.)Deposits$ 26,700Required 4Record the entry for checks cleared during September.General JournalBalance$ 7,00033,7007,2007,9607,0097,00929,450DebitCredit

"Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…

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?

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?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Please dont give plagiarised answers thnku
Give one reason why performing advisory services could enhance audit quality. Give one reason why performing advisory services could weaken audit quality. Do you think performing advisory services for audit clients should be restricted? Why or why not?
Briefly describe the false-paradigm model with reference to advice, access to credit and neglect of reforms
Tacit or implicit knowledge, is personal, experiential, context-specific, and hard to formalize and communicate. True False
David Savage asked you to write a memo presenting the issues and the risks associated withconsultants. Further, outline a set of procedures that could be used as a guide in selecting aconsultant.
discuss how critical thinking skills will make you less likely to be influenced by arguments that are based on fallacies and faulty reasoning.
Provide best Answer As per posible fast
Critically evaluate how the breach of ethics by auditors could contribute to expand the audit expectation gap. Your report should include/address the following concerns: 1. Introduce/analyze ethical aspect of auditors and audit expectation gap. 2. Critically examine how different threats to ethics enlarge the audit expectation gap. 3. Propose ways to minimize the threats to ethics and thus the expectation gap of audits. 4. Determine the current developments and future direction of ethical aspects of auditors, and explain how such developments contribute to safeguard the audit profession as a concluding remarks. Include a cover page, an executive summary, a table of contents and references. You may include an appendix if necessary.
Karen finds that many claim forms were rejected because important information was omitted. How might Karen suggest corrections for these omissions?
Timeliness and neutrality are two components of relevance. Select one: True False
What is risk of incorrect acceptance? A. The risk that the auditor concludes that a material misstatement exists when it does not exist. B. The risk that the auditor concludes that a material misstatement does not exist when it actually does not. C. The risk that the auditor concludes that a material misstatement does not exist when it does exist. D. The risk that the auditor concludes that a material misstatement exists when it actually does.
Urgent Please answer a soon as possible. Answer must be plagirism free What is the role of auditors and explain the importance of the role.