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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
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: DANK STATEMENT Check Deposits $17.500 Balance, June 1 Deposits during June Checks cleared during June Bank service charges Balance, June 30 $15,600 Other Balance $ 7/100 24,500 6,000 $30 5,970 5,970 June 1 June June 30 Balance Deposits Balance Cash (A) 7,100 18,000 18.900 Chicks witten 5,200 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 HILLI COMPANY 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 Reconciliation June 30 Company's Books $ 5,970 Ending Balance per Cash Account Additions: Outstanding Checks Bank Statement Ending Balanco por Bank Statement Additions: Deposit in Transit $ 6,200 0 5,070 Deductions: 0 6,200 Deductions: 0 55,070 Up to Date Cash Blanco 0 $ 5,200 Up to Date Cash Balance 2. Prepare any journal entries that should be made as a result of the bank reconciliation. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 > Record the service charges of $30 deducted by the bank. Note: Enter debits before credits Transaction General Journal Credit Debit 30 Record entry Clear entry View general Journal 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 Balance, June 1 Deposits during June Checks cleared during June Bank service charges Balance, June 30 Deposits $17,500 $18,600 Other Balance $ 7,100 24,600 6,000 $30 5,970 5,970 June 1 June June 30 Balance Deposits Balance Cash (A) 7,100 18,000 18,900 Checks written 6,200 June 3. What is the balance in the Cash account after the reconciliation entries? Cash Balance [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, Dune 1 Deposits during June Checks cleared during June Bank service charges Balance, June 30 $18,600 Deposits Other Balance $ 7,100 $17,500 24,600 6,000 $30 5,970 5,970 June 1 June June 30 Balance Deposits Balance Cash (A) 7,100 18,000 18.900 Checks written 6,200 June 4. In addition to the balance in its bank account Hills Company also has $200 of petty cash on hand. This amount is recorded in a separate T-account called Petty Cash on Hand. What is the total amount of cash that should be reported on the balance sheet at June 302 Total Amount of Cash
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