Hills Company's June 30 bank statement and the June ledger account for cash are summarized here: BANK STATEMENT Checks Balance, June 1 Deposits during June Checks cleared during June Bank service charges Balance, June 30 June 1 June June 30 Debit Balance Deposits Balance $ 19,800. Cash (A) Deposits $ 18,700. Other Credit 7,340 20,400 20,100 Checks written 7,640 What is the balance in the Cash account after the reconciliation entries? $ 31 Balance June $ 7,340 26,040 6,240 6,209 6,209
Hills Company's June 30 bank statement and the June ledger account for cash are summarized here: BANK STATEMENT Checks Balance, June 1 Deposits during June Checks cleared during June Bank service charges Balance, June 30 June 1 June June 30 Debit Balance Deposits Balance $ 19,800. Cash (A) Deposits $ 18,700. Other Credit 7,340 20,400 20,100 Checks written 7,640 What is the balance in the Cash account after the reconciliation entries? $ 31 Balance June $ 7,340 26,040 6,240 6,209 6,209
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![[The following information applies to the questions displayed below.]
Hills Company's June 30 bank statement and the June ledger account for cash are summarized here:
Balance, June 1
Deposits during June
Checks cleared during June
Bank service charges
Balance, June 301
June 1
June
June 30
Debit
Cash Balance
Balance
Deposits
Balance
BANK STATEMENT
Checks
$ 19,800
Cash (A)
7,340
20,400
7,640
Deposits
$ 18,700
3. What is the balance in the Cash account after the reconciliation entries?
Other
Credit
20,100 Checks written
$ 31
Balance
$ 7,340
26,040
6,240
6,209
6,209
June](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8d900d6d-df43-4d72-a03b-d5f0a3d71de7%2F7d5af902-c335-4b18-8627-dac4e9f2a9ba%2Fw2tg0g_processed.jpeg&w=3840&q=75)
Transcribed Image Text:[The following information applies to the questions displayed below.]
Hills Company's June 30 bank statement and the June ledger account for cash are summarized here:
Balance, June 1
Deposits during June
Checks cleared during June
Bank service charges
Balance, June 301
June 1
June
June 30
Debit
Cash Balance
Balance
Deposits
Balance
BANK STATEMENT
Checks
$ 19,800
Cash (A)
7,340
20,400
7,640
Deposits
$ 18,700
3. What is the balance in the Cash account after the reconciliation entries?
Other
Credit
20,100 Checks written
$ 31
Balance
$ 7,340
26,040
6,240
6,209
6,209
June
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