Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 4 required information e5-5 preparing a bank recon

4 Required information E5-5 Preparing a Bank Reconciliation and Journal Entries and Reporting Cash [LO...

60.1K

Verified Solution

Question

Accounting

image
4 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 Balance, June 1 Deposits during June Checks cleared during June $19, 100 Bank service charges Balance, June 30 Deposits Other Balance $ 7,200 $18,000 25,200 6,100 S30 6,070 6,070 June 1 June June 30 Balance Deposits Balance Cash(A) 6,800 19,000 19,400 Checks written June 6,400 E5-5 Part 4 4. In addition to the balance in its bank account, Hills Company also has $300 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

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Consider a student club consisting of 8 males and 11 females. How many ways can...

Algebra
Q

1. Why is it important for a hominid to have a more centralized to anterior foramen...

Medical Sciences
Q

Having two identical alleles for a gene is called whereas having different alleles is

Biology
Q

ind the length x to the nearest whole number 35 27 www 517

Geometry
Q

Suppose that the position of a particle is given by s t 4 t 2...

Calculus
Q

S ( E10-4_Nevin Ltd. publishes a monthly sports magazine, Fishing Preview....

Accounting
Q

What is the contribution margin ratio of SuperGalaxy Enterprises with sales of $120,000, 65% of...

Accounting
Q

el valor nominal de las acciones es A. el precio ms alto al que se...

Accounting
Q

Cost of manufacturing does not include: a) Direct material and Direct labor b) Variable manufacturing...

Accounting
Q

On November 1, 2022, the following were the account balances of Sandhill Equipment Repair. During...

Accounting
Q

Bebe Jackson is a successful, 30-year old attorney, social security no. 255-10-0000. She has a...

Accounting
Q

Alison and her husband, Tyrone, were married at the beginning of 2021. They separated on...

Accounting