Questions:

Hills Company's June 30 bank statement and the June ledger account for cash are summarized here: Required: 1. Prepare a bank reconciliation. A comparison of the cheques written with the cheques that have cleared the bank shows outstanding cheques of $220. 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. 2. Prepare the journal entry that should be made as a result of the bank reconciliation. (If no ent 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. Note: Enter debits before credits