Hills Company’s June 30 bank statement and the June ledger account for cash are summarized here: BANK STATEMENT ChecksDepositsOtherBalanceBalance, June 1 $7,220 Deposits during June $18,100 25,320 Checks cleared during June$19,200 6,120 Bank service charges $40 6,080 Balance, June 30 6,080 Cash (A)June 1Balance7,220 JuneDeposits19,20019,500Checks writtenJuneJune 30Balance6,920 How would i find the cash balance?

Calculate the cash balance (after reconciliation) of Hills Company at the end of the June 30.

Answered: Hills Company’s June 30 bank statement…

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter6: Bank Accounts, Cash Funds, And Internal Controls

Section: Chapter Questions

Problem 5E

See similar textbooks

Related questions

Concept explainers

Question

Hills Company’s June 30 bank statement and the June ledger account for cash are summarized here:

BANK STATEMENT
	Checks	Deposits	Other	Balance
Balance, June 1								$	7,220
Deposits during June				$	18,100				25,320
Checks cleared during June	$	19,200							6,120
Bank service charges						$	40		6,080
Balance, June 30									6,080

Cash (A)
June 1	Balance	7,220
June	Deposits	19,200	19,500	Checks written	June
June 30	Balance	6,920

How would i find the cash balance?

Expert Solution

Trending now

This is a popular solution!

Step by step

Solved in 3 steps with 2 images

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions