Business, 02.04.2020 01:12 alex12everett

The August bank statement and cash T-account for Martha Company follow:

Bank Statement
Date Checks Deposits Other Balance
Aug. 1 $16,180
Aug. 2 $240 15,940
Aug. 3 $11,100 27,040
Aug. 4 340 26,700
Aug. 5 220 26,480
Aug. 9 770 25,710
Aug. 10 250 25,460
Aug. 15 3,700 29,160
Aug. 21 340 28,820
Aug. 24 19,100 9,720
Aug. 25 6,550 16,270
Aug. 30 740 15,530
Aug. 30 Interest earned $20 15,550
Aug. 31 Service charge 10 15,540
Cash(A)
Aug. 1 Balance 16,180
Deposits Checks written
Aug. 2 11,100 240 Aug. 1
Aug. 12 3,700 340 Aug. 2
Aug. 24 6,550 220 Aug. 3
Aug. 31 4,700 250 Aug. 4
770 Aug. 5
260 Aug. 15
460 Aug. 17
740 Aug. 18
340 Aug. 19
19,100 Aug. 23
Aug. 31 Balance 19,510
No deposits were in transit and no checks were outstanding at the end of July.

1) After the reconciliation journal entries are posted, what balance will be reflected in the Cash account in the ledger?

2) If the company also has $85 of petty cash on hand, which is recorded in a different account called Petty Cash on Hand, what total amount of Cash and Cash equivalents should be reported on the August 31 balance sheet?

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The August bank statement and cash T-account for Martha Company follow:

Bank Statement...

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