Hills Company's June 30 bank statement and the June ledger account for cash are summarized here:BANK STATEMENTBalance, June 1Deposits during JuneChecks cleared during JuneBank service chargesBalance, June 30Cash (A)DebitJune 1Checks$ 19,900Deposits Other$ 18,800CreditBalance 7,360June Deposits 20,600 20,200 Checks written JuneJune 30 Balance 7,760$31Balance$ 7,36026,1606,2606,2296,2291. In addition to the balance in its bank account, Hills Company also has $420 of petty cash on hand.This amount is recorded in a separate account called Petty Cash on Hand. What is the total amountof cash that should be reported on the balance sheet at June 30?

Hills Company's June 30 bank statement and the June ledger account for cash are summarized here: BANK STATEMENT Balance, June 1 Deposits during June Checks cleared during June Bank service charges Balance, June 30 Cash (A) Debit June 1 June Checks June 30 Balance 7,760 $ 19,900 Credit Balance 7,360 Deposits 20,600 20,200 Checks written June Deposits $ 18,800 Other $ 31 Balance $7,360 26,160 6,260 6,229 6,229 1. In addition to the balance in its bank account, Hills Company also has $420 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?

Hills Company's June 30 bank statement and the June ledger account for cash are summarized here: BANK STATEMENT Balance, June 1 Deposits during June Checks cleared during June Bank service charges Balance, June 30 Cash (A) Debit June 1 June Checks June 30 Balance 7,760 $ 19,900 Credit Balance 7,360 Deposits 20,600 20,200 Checks written June Deposits $ 18,800 Other $ 31 Balance $7,360 26,160 6,260 6,229 6,229 1. In addition to the balance in its bank account, Hills Company also has $420 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?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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