Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Hills Companys June 30 bank statement and the June ledger account for cash are summarized here: BANK STATEMENT Checks Deposits Other Balance Balance, June 1
Hills Companys June 30 bank statement and the June ledger account for cash are summarized here:
BANK STATEMENT | ||||
Checks | Deposits | Other | Balance | |
---|---|---|---|---|
Balance, June 1 | $ 7,360 | |||
Deposits during June | $ 18,800 | 26,160 | ||
Checks cleared during June | $ 19,900 | 6,260 | ||
Bank service charges | $ 31 | 6,229 | ||
Balance, June 30 | 6,229 |
Cash (A) | ||||||
---|---|---|---|---|---|---|
Debit | Credit | |||||
June 1 | Balance | 7,360 | ||||
June | Deposits | 20,600 | 20,200 | Checks written | June | |
June 30 | Balance | 7,760 |
-
What is the balance in the Cash account after the reconciliation entries?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started