E5-5 Part 1 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. HILLS COMPANY Bank Reconciliation June 30 Company's Books Ending Balance per Cash Account Additions: Bank Statement Ending Balance per Bank Statement Additions: Deductions: Deductions: Up-to-Date Cash Balance Up-to-Date Cash Balance E5-5 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 || Deposits OtherBalance Balance, June 1 $ 7,140 Deposits during June $17,700 24,840 Checks cleared during June $18,800 6,040 Bank service charges 6,010 Balance, June 30 6,010 $30 Cash (A) 7.140 June 1 June Balance Deposits 18.400 19,100 Checks written June June Balance 6,440 30