[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: Other BANK STATEMENT Checks Deposits Balance, June 1 Deposits during June $17,500 Checks cleared during June $18,600 Bank service charges Balance, June 30 Balance $ 7,100 24,600 6,000 5,970 5,970 $30 Cash (A) June 1 June Balance Deposits 7,100 18,000 18,900 Checks written June June 30 Balance 6,200 E5-5 Part 1 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 Ending Balance per Cash Account Additions: Bank Statement Ending Balance per Bank Statement Additions: Deductions: Deductions: Up-to-Date Cash Balance Up-to-Date Cash Balance E5-5 Part 2 2. Prepare any journal entries that should be made as a result of the bank reconciliation. (If no entry is required for a transactionlevent, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the service charges of $30 deducted by the bank. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal E5-5 Part 3 3. What is the balance in the Cash account after the reconciliation entries? Cash Balance E5-5 Part 4 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 30? Total Amount of Cash