Answered step by step
Verified Expert Solution
Link Copied!
Question
1 Approved Answer

please HELP!!! art 1 of 4 Sints Required information E5-5 (Algo) Preparing a Bank Reconciliation and Journal Entries and Reporting Cash [LO 5-4) The following

please HELP!!!
image text in transcribed
image text in transcribed
art 1 of 4 Sints Required information E5-5 (Algo) 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 Other Balance Balance, June 1 $ 7,300 Deposits during June $ 18,500 25,800 Checks cleared during June $ 19,600 5,200 Bank service charges $. 31 6,169 Balance, June 30 6,169 8 01:02:53 eBock Hint Cash (A) References Credit June 1 June June 30 Debit Balance Deposito Balance 7.300 20.000 7,400 19,900 Checks written June E5-5 (Algo) 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 niorto lune Na densits in transit were E5-5 (Algo) 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. Bank Statement Ending Balance per Bank Statement Additions: HILLS COMPANY Bank Reconciliation June 30 Company's Books Ending Balance per Cash Account Additions: Deductions: Deductions: Up-to-Dato Cash Balance Up-to-Date Cash Balance

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image
Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cost Accounting A Managerial Emphasis

Authors: Charles T. Horngren, George Foster, Srikant M. Datar

9th Edition

0306457229, 978-0306457227

More Books

Students explore these related Accounting questions

Question

Describe sources of ethical guidance.

Answered: 3 weeks ago