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Required information E 5 - 5 ( Algo ) Preparing a Bank Reconciliation and Journal Entries and Reporting Cash [ LO 5 - 4 ]
Required information
EAlgo Preparing a Bank Reconciliation and Journal Entries and Reporting Cash LO
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Hills Company's June bank statement and the June ledger account for cash are summarized here:
EAlgo Part
Required:
Prepare a bank reconciliation. A comparison of the checks written with the checks that have cleared the bank shows outstanding checks of $ 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.
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