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 $ 7,260 $18,300 25,560 Balance, June 1 Deposits during June Checks cleared during June Bank service charges Balance, June 30 $19,400 6,160 $31 6,129 6,129 Cash (A) June 1 Balance 7,260 June Deposits 19,600 19,700 Checks June written June 30 Balance 7,160 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 Bank Statement Company's Books Ending Balance per Bank Ending Balance per Cash Statement 6,129 Account Additions: Additions: 670 $ 6701 6,799 Deductions: Deductions: 0 Up-to-Date Cash 6.799 Balance Up-to-Date Cash Balance 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 $ 7,260 Deposits during $18,300 25,560 June Checks cleared $19,400 during June 6,160 Bank service 6,129 charges Balance, June 30 6,129 $31 Cash (A) June 1 Balance 7,260 June Deposits 19.600 119.700 checks written June 30 Balance 7,160 June 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