1 His Company's June 30 bank statement and the June ledger account for cash are summarized here Withdrawals Deposits Balance Balance, June 1 $ 8,100 Deposits during June $21,780 29,880 Cheques cleared during June $24,500 5,380 Bank service charges 120 5,260 Balance, June 30 5,260 14 points 2 01:27:16 Cash (A) June 1 June Balance Deposits 7.700 23,500 24,380 Cheques written June June 30 Balance 6,820 Required: 1. Prepare a bank reconciliation. A comparison of the cheques written with the cheques that have cleared the bank shows outstanding cheques of $280. Some of the cheques that cleared in June were written prior to June. No deposits in transit were noted in May, but a deposit is in transit at the end of June. HILLS COMPANY Bank Reconciliation June 30 Bank statement Company's books Ending balance per bank Ending balance per cash statement ACCOUNT Additions: Additions Deductions: Deductions: Up-to-date cash balance Up-to-date cash balance 2. Prepare the journal entry that should be made as a result of the bank reconciliation of no entry be required for transaction event, select "No journal entry required in the first account neid.) View transaction list Journal entry worksheet Record the journal entry that should be made as a result of the bank reconciliation. Note: Enter debits before credits Caner om 1 Debit Record entry View general journal Deductions: Deductions: Up-to-date cash balance Up-to-date cash balance 2. Prepare the journal entry that should be made as a result of the bank reconciliation of ne entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction list Journal entry worksheet Record the journal entry that should be made as a result of the bank reconciliation. Note: Enter debits before credits Transaction General Journal Debit Credit Record entry View general journal Clear entry 3. What is the balance in the Cash account after the reconciliation entries? Cash bulance 4. In addition to the balance in its bank account, Hits Company also has $390 cash on hand. This amount is recorded a separate Taccount called Cash on Hand What is the total amount of cash that should be reported on the balance sheet of June 302