r65 Prep aring a Bank Reconcililation and Journal Entrles,and Reporting Cash s June 30, 2013, bank statement and the June ledger account for Hils Company's ummarized here BANK STATEMENT Checks Deposits Other Balance. June 1, 2013 Deposits during June Checks cleared during June Bank service charges Balance, June 30, 2013 Balance $ 7,200 25,200 6,100 6,070 6,070 $18,000 $19,100 $30 Cash (A) June 1 Balance June Deposits 6,800 19,.000 19.400 Checks written June June 30 Balance 6.400 Required: l. Prepare a bank reconciliation. A comparison of the checks written with the checks that have cleared the bank shows outstanding checks of $700. Some of the checks that cleared in June were written prior to June. No deposits in transit were noted in May, but a derosit is in transit at the end of June. 2. Give any journal entries that should be ihade as a result of the bank reconciliation. 3. What is the balance in the Cash ack Sic ifter the reconciliation entries? 4. In addition to the balance in its to account, Hills Compiny also has $300 cash on hand. This amount is recorded in a sepizrate Taccount called Cash on Hand. What is the total amount of cash that should be reported on the balance sheet at June 302