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: Deposits Other BANK STATEMENT Checks Balance, June 1 Deposits during June Checks cleared during June $18,500 Bank service charges Balance, June 30 $17,400 Balance $ 7,080 24,480 5,980 5,950 5,950 $30 June 1 June Balance Deposits Balance Cash (A) 7,080 17,800 18,800 6,080 Checks written June June 30 equired: 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. 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 Reconciliation June 30 Bank Statement Ending Balance per Bank Statement Company's Books $ 5,950 Ending Balance per Cash Account Additions: Additions: Deposit in Transit 0 0 5,950 0 Deductions: Deductions: 0 Oo Up-to-Date Cash Balance $ 5,950 Up-to-Date Cash Balance