Required information

E$5-5($Algo$)$ Preparing a Bank Reconciliation and Journal Entries and Reporting Cash $[$LO $5-4]$

$[$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:

E$5-5($Algo$)$ Part $1$

Required:

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.