E5-5 (Algo) Preparing a Bank Reconciliation and Journal Entries and Reporting Cash (LO 5-4) [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 Balance, June 1 Deposits Other Balance $ 7,020 Deposits during June $ 17,100 24, 120 Checks cleared during June $ 18,200 5,920 Bank service charges $ 30 5,890 Balance, June 30 5,899 Cash (A) Credit June 1 June June 30 Debit Balance Deposits Balance 7,020 17,200 5,720 18,500 Checks written June E5-5 (Algo) Part 4 4. In addition to the balance in its bank account, Hills Company also has $120 of petty cash on hand. This amount is recorded in a separate account called Petty Cash on Hand. What is the total amount of cash that should be reported on the balance sheet at June 30