Required Informetlon 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 Other Balance S 7,200 25,200 6,100 6,070 6,070 $18,000 $19,100 S30 Cash (A June 1 Balance 19400 Checks writtern June 30 Balance 6,400 Requlred 1. 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 prior to June. No deposlts 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 Statement Additions 5 6,070Ending Balance per Cash Account 5 6,400 Additions Deposit in Transit 1,000 Outstanding Checks 1,000 7,070 6,400 Deductions Deductions Outstanding Checks Bank Service Charges 700 Bank Service Charges 30 30 730 30 Up-to-Date Cash Balance 5 6,340 Up-to-Date Cash Balance 5 6,37O