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please solve this question propely 1 Hills Company's June 30 bank statement and the June ledger account for cash are summarized here: Withdrawals Deposits 10

please solve this question propely

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1 Hills Company's June 30 bank statement and the June ledger account for cash are summarized here: Withdrawals Deposits 10 points $20,940 Balance, bune 1 Deposits during June Cheques cleared during June Bank service charges Balance, June 30 Balance $ 7,900 28,840 5,540 5,440 5,440 $23,300 190 eBook Print Cash (A) References June 1 June Balance Deposits 7,500 22,500 23,140 Cheques written June June 30 Balance 6,860 1 June 30 Balance 6,860 10 points Required: 1. Prepare a bank reconciliation. A comparison of the cheques written with the cheques that have cleared the bank shows outstanding cheques of $240. 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. eBook Print References HILLS COMPANY Bank Reconciliation June 30 Company's books Ending balance per cash account Bank statement Ending balance per bank statement Additions: Additions Deductions Deductions Up-to-date cash balance Up-to-date cash balance 1 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.) View transaction list 10 points Journal entry worksheet eBook Print A > References Record the journal entry that should be made as a result of the bank reconciliation. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal 1 Record entry Clear entry View general journal 10 points eBook 3. What is the balance in the Cash account after the reconciliation entries? References Cash balance 4. In addition to the balance in its bank account. Hills Company also has $370 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 302 Cash

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