Jones Company has the June 30, 2004, bank statement and the June ledger accounts for cash, which are summarized here:

Required:
Reconcile the bank account. 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 deposits in transit were carried over from May. but a deposit is in transit at the end of June.
Give any journal entries that should be made as a result of the bank reconciliation.
What is the balance in the Cash account after the reconciliation entries?
What is the total amount of cash that should be reported on the balance sheet at June 30?

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Checks BANK STATEMENT Deposits Balance Balance, June 1, 2004 $ 7,200 Deposits during June $17,000 24.200 Checks cleared through June $18,100 6,100 Bank service charges 50 6,050 Balance, June 30, 2004 6.050 Cash (A) June 1 Balance June 6,800 June Checks written 18,400 Deposits 19,000 June 30 Balance Cash on hand (A) 300