Hills Company’s June 30 bank statement and the June ledger account for cash are summarized here:
|Balance, June 1||$||7,300|
|Deposits during June||$||18,500||25,800|
|Checks cleared during June||$||19,600||6,200|
|Bank service charges||$||31||6,169|
|Balance, June 30||6,169|
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.
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