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

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Hills Companys June 30 bank statement and the June ledger account for cash are summarized here: Withdrawals Deposits $26,400

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Answer 1

Answer #1

Bank Reconciliation

Bank		Books
Balance, June 30	4,270	Balance, June 30	6,600
Add:		Add:
Deposit in transit	2,600
Less:		Less:
Outstanding checks	- 500	Bank service charges	- 230
Adjusted bank balance	$6,370	Adjusted book balance	$6,370

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