2. Prepare the journal entry 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.) Journal entry worksheet Record the journal entry that should be made as a result of the bank reconciliation. Note; Enter debits before credits. 3. What is the balance in the Cash account after the reconciliation entries? 4. In addition to the balonce in its bank account, Hils Company also has $500 cash on hand. This amount is recorded in a separate T-account called Cash on Hand. What is the total amount of cash that should be reported on the balance sheet at June 30? Hills Company's June 30 bank statement and the June ledger account for cash are summarized here: Required: 1. Prepare a bank reconciliation. A comparison of the cheques written with the cheques that have cleared the bank shov outstanding cheques of $500. Some of the cheques that cleared in June were written prior to June. No deposits in tran noted in May, but a deposit is in transit at the end of June