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Hills Company's June 30 bank statement and the June ledger account for cash are summarized here: Withdrawals Deposits Balance, June 1 Deposits during June Cheques

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Hills Company's June 30 bank statement and the June ledger account for cash are summarized here: Withdrawals Deposits Balance, June 1 Deposits during June Cheques cleared during June Bank service charges Balance, June 30 $18,420 $19,700 40 Balance $ 7,300 25, 720 6,020 5,989 5,980 nces Cash (A) June 1 June Balance Deposits 6,900 19,500 19,900 Cheques written June June 30 Balance 6,500 Required: 1. Prepare a bank reconciliation. A comparison of the cheques written with the cheques that have cleared the bank shows outstanding cheques of $600. Some of the cheques 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. Bank statement Ending balance per bank statement Additions HILLS COMPANY Bank Reconciliation June 30 Company's books Ending balance per cash account Additions Book Print Deductions erences Deductions: Up-to-date cash balance Up-to-date cash balance 2. Prepare the journal entry that should be made as a result of the bank reconciliation (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) Journal entry worksheet Record the journal entry that should be made as a result of the bank reconciliation. it nces Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal 3. What is the balance in the Cash account after the reconciliation entries? Cash balance 4. In addition to the balance in its bank account, Hills Company also has $310 cash on hand. This amount is recorded in a separate T- account called Cash on Hand What is the total amount of cash that should be reported on the balance sheet at June 30? Cash

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