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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 |
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In addition to the balance in its bank account, Hills Company also has $420 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?
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