Requlred Information E5-5 Preparing a Bank Reconciliation and Journal Entries and Reporting Cash [LO 5-4] The following informaton 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 Other Balance $ 7,120 Balance, June 1 Deposits during June Checks cleared during June Bank service charges 24,720 6,020 5,998 5,99e $17,600 $18,7ee $30 Balance, June 30 Cash (A) June 1 Balance 7,120 June Deposits 19,000 Checks written June 18,200 June 30 Balance 6,320 E5-5 Part 1 Required: 1. Prepare a bank reconcillation. A comparison of the checks wrtten 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 deposlts in translt were noted In May, but a deposit is in transit at the end of June. Required Information E5-5 Preparing a Bank Reconciliation and Journal Entries and Reporti The following information applies to the questlons displayed below.] Hills Company's June 30 bank statement and the June ledger account for cash a BANK STATEMENT Checks Deposits Other Balance $ 7,120 Balance, June 1 Deposits during June Checks cleared during June Bank service charges $17,600 24,720 6,e20 5,990 5,990 $18,700 $30 Balance, June 30 Cash (A) Balance 7,120 June 1 Deposits 19,eee Checks written June June 18,20e 6,320 June 30 Balance E5-5 Part 3 3. What Is the balance in the Cash account after the reconciliation entries? Cash Balance 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 Other Balance $ 7,120 Balance, June 1 Deposits during June Checks cleared during June Bank service charges 24,720 6,020 5,990 5,990 $17,600 $18,70e $30 Balance, June 30 Cash (A) June 1 Balance 7,120 Checks written June Deposits 18,200 19,00e June 6,320 June 30 Balance E5-5 Part 4 4. In addition to the balance In Its bank account, Hlls Company also has $220 of petty cash on hand. This amount Is recorded In a separate T-account called Petty Cash on Hand. What Is the total amount of cash that should be reported on the balance sheet at June 30? Total Amount of Cash