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 $16,900 Balance, June 1 Deposits during June Checks cleared during June Bank service charges Balance, June 30 $18, 100 Other Balance $ 7,000 23,900 5,800 $29 5,771 5,771 June 1 June June 30 Balance Deposits Balance Cash (A) 7, eee 17,000 18,420 Checks written 5,600 June 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 o 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: nok 0 0 0 0 Deductions: Deductions: Up-to-Date Cash Balance 0 0 Up-to-Date Cash Balance 0 0 $ $