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 summarized here: BANK STATEMENT Checks Deposits Other Balance Balance, June 1 $ 7,120 Deposits during June $ 17,600 Checks cleared during June 24,720 $ 18,700 6,020 Bank service charges $ 30 5,990 Balance, June 30 5,990 Cash (A) Credit June 1 June June 30 Debit Balance Deposits Balance 7,120 18, 200 6,320 19,000 Checks written June 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. Bank Statement Ending Balance per Bank Statement Additions: Deposit in Transit HILLS COMPANY Bank Reconciliation June 30 Company's Books $ 5,990 Ending Balance per Cash Account Additions: $ 6,320 0 0 5,990 6,320 Deductions: Outstanding Checks Deductions: Bank Service Charges 30 0 Up-to-Date Cash Balance $ 5,990 Up-to-Date Cash Balance 30 6,290 $ Journal entry worksheet