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Required information [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 $18,500 Balance, June 1 Deposits during June Checks cleared during June Bank service charges Balance, June 30 Balance $ 7,300 25, 800 6, 200 6,169 6, 169 $19, 600 $31 June 1 June Balance Deposits Cash (A) 7, 300 20,000 19,900 Checks written 7, 400 June June 30 Balance Required: 1. 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. Bank Statement Ending Balance per Bank Statement Additions: HILLS COMPANY Bank Reconciliation June 30 Company's Books $ 6,169 Ending Balance per Cash Account Additions: 1,500 $ 7,400 Deposit in Transit 7,400 1,500 7,669 Deductions: Bank Service Charges Deductions: Outstanding Checks 300 30 300 $ 7,369 Up-to-Date Cash Balance Up-to-Date Cash Balance $ 7,370 View transaction list Journal entry worksheet Record the service charges of $31 deducted by the bank. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal 3. What is the balance in the Cash account after the reconciliation entries? Cash Balance 4. In addition to the balance in its bank account, Hills Company also has $380 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 302 Total Amount of Cash

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