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1 ! Required Information Part 1 of 4 1 points [The following Information applies to the questions displayed below.] Hills Company's June 30 bank
1 ! Required Information Part 1 of 4 1 points [The following Information applies to the questions displayed below.] Hills Company's June 30 bank statement and the June ledger account for cash are summarized here: BANK STATEMENT Checks Deposits Other Balance, June 1 Deposits during June $ 18,300 Balance $ 7,260 25,560 Checks cleared during June $ 19,400 6,160 eBook Bank service charges $ 31 Balance, June 30 6,129 6,129 Hint Cash (A) Debit Credit Print June 1 June June 30 Balance Deposits Balance 7,260 19,600 7,160 19,700 Checks written June References Required: 1. Prepare a bank reconciliation. A comparison of the checks written with the checks that have cleared the bank shows outstanding checks of $300. Some of the checks 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. Bank Statement Ending Balance per Bank Statement Additions: Deposit in Transit Deductions: Outstanding Checks HILLS COMPANY Bank Reconciliation June 30 Company's Books Ending Balance per Cash Account Additions: 0 0 Deductions: Bank Service Charges 0 0 0 0 Up-to-Date Cash Balance $ 0 Up-to-Date Cash Balance $ 0
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