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Required information E5-5 (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: E5-5 (Algo) Part 1 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. Required information E5-5 (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 summarzed here 5-5 (Algo) Part 2 Prepare any journal entries that should be made as a result of the bark reconcilation. if no entry is required for a transoction/event, select "No Journal Entry Required" in the first occount field) Journal entry worksheet Record the service charges of $32 deducted by the bank. Noter Enter debits befort utedis. Required information E5-5 (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: E5-5 (Algo) Part 3 3. What is the balance in the Cash account after the reconciliation entries? Required informotion E5-5 (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: E5-5 (Algo) Part 4 4. In addition to the balance in its bank account. Hills Company also has $450 of petty cash on hand. This amount is recorded in a separate account called Petty Cash on Hand, What is the total amount of cash that should be reported on the balance sheet at June 30

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