[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 $17,100 Checks cleared during June $18,200 Bank service charges Balance, June 30 Balance $ 7,020 24,120 5,920 5,890 5,890 $30 Cash (A) June 1 June Balance Deposits 7,020 17,200 18,500 Checks written June June 30 Balance 5,720 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 Ending Balance per Bank Statement Additions: Company's Books Ending Balance per Cash Account Additions: Deductions: Deductions: Up-to-Date Cash Balance 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 Debit Credit 1 Record entry Clear entry View general journal 3. What is the balance in the Cash account after the reconciliation entries? Cash Balance 4. In addition to the balance in its bank account, Hills Company also has $120 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