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Hills Company$$s June $30$ bank statement and the June ledger account for cash are summarized here:

BANK STATEMENT

Checks Deposits Other Balance

Balance, June $1$ $ $7,220$

Deposits during June $ $18,10025,320$

Checks cleared during June $ $19,2006,120$

Bank service charges $ $406,080$

Balance, June $306,080$

Cash $($A$)$

Debit Credit

June $1$ Balance $7,220$

June Deposits $19,20019,500$ Checks written June

June $30$ Balance $6,920$

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.