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

Hills Company’s June 30 bank statement

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


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 depo in transit were noted in May, but a deposit is in transit at the end of June.

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 2. Prepare any journal entries that should be made as a result of the bank reconciliation (If no entry is required for a transaction event, select "No Journal Entry Required in the first account field.) 

 3. What is the balance in Cash account after the reconciliation entries? 

 4. In addition to the balance in its bank account is Company also has 5200 of ty 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 30?


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