Required information E5-5 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 Balance, June 1 Deposits during June Checks cleared during June $20,100 Bank service charges Balance, June 30 Deposits Other Balance $ 7,400 $19,000 26,400 6,300 $32 6,268 6,268 June 1 June Balance Deposits Balance Cash (A) 7,400 21,000 20,400 Checks written June 8,000 June 30 E5-5 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. HILLS COMPANY Bank Statement Ending Balance per Bank Statement Additions: Bank Recoration June 30 Company's Books Ending Balance per Cash Account Additions: 0 olo 0 Deductions: Deductions: 0 0 0 Up-to-Date Cash Balance Up-to-Date Cash Balance $ $ 0