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Hills Gompany's June 30 bank statement and the June ledger account for cash are summarized here: BANK STATEMENT Checks Deposits $18,900 Balance, June 1 Deposits

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Hills Gompany's June 30 bank statement and the June ledger account for cash are summarized here: BANK STATEMENT Checks Deposits $18,900 Balance, June 1 Deposits during June Checks cleared during June Bank service charges Balance, June 30 Other Balance $ 7,380 26,280 6,280 $316,249 6,249 $20,000 June 1 June Balance Deposits Cash (A) 7.380 20.800 20,300 Checks written 7,880 June June 30 Balance 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 mpany's Books SS L $ 7,880 Bank Statement Ending Balance per Bank Statement Additions: Deposit in Transit S 6,249 Ending Balanco por Additions: 88 TL 1,900 1.900 8,149 7.880 Deductions: Outstanding Checks Deductions: Bank Service CH 300 al Up-to-Date Cash Balance 300 57,849 Up to Date Cash Balance [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 other Deposits $18,900 Balance, June 1 Deposits during June "Checks cleared during June Bank service charges Balance, June 30 $20,000 26,280 6.28 6.249 June 1 June Balance Deposits Balance Cash (A) 7,380 20,800 29, 300 Checks written 7,880 June June 30 E5-5 Part 2 2. Prepare any journal entries that should be made as a result of the bank reconciliation (If no entry is required for transaction/event, select "No Journal Entry Required in the first account field.) View transaction list Journal entry worksheet 1 Record the service charges of $31 deducted by the bank. Note: Enter debts before credits Transaction General Journal Debit Credit Hills Company's June 30 bank statement and the June ledger account for cash are summarized here: BANK STATEMENT Checks Deposits Other $18,900 Balance, June 1 Deposits during June Checks cleared during June Bank service charges Balance, June 30 $20,000 Balance $ 7,380 26,280 6,280 6,249 6,249 $31 (A) June 1 June Balance Deposits Balance Cash 7,380 20,800 7,880 20,300 Checks written June June 30 E5-5 Part 3 3. What is the balance in the Cash account after the reconciliation entries? Hills Company's June 30 bank statement and the June ledger account for cash are summarized here: BANK STATEMENT Checks Deposits $18,900 Balance, June 1 Deposits during June Checks cleared during June Bank service charges Balance, June 30 $20,000 Other Balance $ 7,380 26,280 6,280 6,249 6,249 $31 June 1 Dune June 30 Balance Deposits Cash (A) 7,380 20.80 20.309 Checks written 7,880 June Balance E5-5 Part 4 4. In addition to the balance in its bank account, Hills Company also has $440 of petty cash on hand. This amount is recorded in a separate T-account called Petty Cash on Hand. What is the total amount of cash that should be reported on the balance sheet at June 302 Total Amount of Cash

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