! Required information E5-5 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: BANK STATEMENT Checks Deposits $18,000 Balance, June 1 Deposits during June Checks cleared during June Bank service charges Balance, June 30 $19, 100 Other Balance $ 7,200 25,200 6,100 $30 6,07e 6,070 June 1 June June 30 Balance Deposits Balance Cash (A) 6,800 19,000 19,400 6,400 Checks written June 1. Prepare a bank reconciliation. 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 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: Deposit in Transit Outstanding Checks Company's Books Ending Balance per Cash Account Additions: 0 0 0 0 Deductions: Deductions: 0 0 Up-to-Date Cash Balance $ 0 Up-to-Date Cash Balance $ 0