1. Prepare a bank reconciliation. A comparison of the cheques written with the cheques that have cleared the bank shows outstanding cheques of $700. 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. 2. Prepare the journal entry that should be made as a result of the bank reconciliation. (If no entry is required for a transaction/e select "No journal entry required" in the first account field.) Journal entry worksheet Record the journal entry that should be made as a result of the bank reconciliation. before credits 3. What is the balance in the Cash account after the reconciliation entries? 4. In addition to the balance in its bank account, Hills Company also has $300 cash on hand. This amount is re account called Cash on Hand. What is the total amount of cash that should be reported on the balance sheet a 1. Prepare a bank reconciliation. A comparison of the cheques written with the cheques that have cleared the bank shows outstanding cheques of $700. 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. 2. Prepare the journal entry that should be made as a result of the bank reconciliation. (If no entry is required for a transaction/e select "No journal entry required" in the first account field.) Journal entry worksheet Record the journal entry that should be made as a result of the bank reconciliation. before credits 3. What is the balance in the Cash account after the reconciliation entries? 4. In addition to the balance in its bank account, Hills Company also has $300 cash on hand. This amount is re account called Cash on Hand. What is the total amount of cash that should be reported on the balance sheet a