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    Required: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. How would i fill out the bank reconcilliation for this problem?

Question
Asked Apr 23, 2019
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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      

 

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.

 

How would i fill out the bank reconcilliation for this problem?

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Step 1

The bank reconciliaion statement can be...

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