Required Information [The following Information applies to the questions displayed below.] Hills Company's June 30 bank statement and the June ledger account for cash are summarlzed here: equired: . Prepare a bank reconcillation. 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 prlor to June. No deposits in transit were noted In May, but a deposit is in transit at the end of June