Assignment #4 - Chapters 5/6 Saved Help Save & Exit Check 1 Hills Company's June 30 bank statement and the June ledger account for cash are summarized here: Withdrawals Deposits 10 points $22,620 Balance, June 1 Deposits during June Cheques cleared during June Bank service charges Balance, June 30 $25,700 140 Balance $ 8,300 30,920 5,220 5,080 5,080 eBook Print Cash (A) References June 1 June Balance Deposits 7,900 24,500 25,620 Cheques written June June 30 Balance 6,780 Required: 1. Prepare a bank reconciliation. A comparison of the cheques written with the cheques that have cleared the bank shows outstanding cheques of $320. Some of the cheques 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 Mc Graw Prey 1 of 7 Next > Required: 1. Prepare a bank reconciliation. A comparison of the cheques written with the cheques that have cleared the bank shows outstanding cheques of $320. Some of the cheques 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 Bank statement June 30 Company's books Ending balance per cash account Additions Ending balance per bank statement Additions Deposit in transit 0 0 Deductions: Outstanding cheques Up-to-date cash balance Deductions: Bank service charge Up-to-date cash balance $ $ 0 Saved Help Save & Exit Submi Check my work 1 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.) 10 points View transaction list Journal entry worksheet eBook Print References Record the journal entry that should be made as a result of the bank reconciliation Note: Enter debits before credits. General Journal Debit Transaction Credit 1 BE Mc Graw Prey 1 of 7 Next > Save & Exit 1 Check my 10 points 3. What is the balance in the Cash account after the reconciliation entries? Cash balance eBook Print References 4. In addition to the balance in its bank account, Hills Company also has $410 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 302 Cash