Hills Company’s June 30 bank statement and the June ledger account for cash are summarized here: BANK STATEMENT Checks Deposits Other Balance Balance, June 1 $ 7,220 Deposits during June $ 18,100 25,320 Checks cleared during June $ 19,200 6,120 Bank service charges $ 40 6,080 Balance, June 30 6,080 Cash (A) June 1 Balance 7,220 June Deposits 19,200 19,500 Checks written June June 30 Balance 6,920 How would i find the cash balance?
Hills Company’s June 30 bank statement and the June ledger account for cash are summarized here: BANK STATEMENT Checks Deposits Other Balance Balance, June 1 $ 7,220 Deposits during June $ 18,100 25,320 Checks cleared during June $ 19,200 6,120 Bank service charges $ 40 6,080 Balance, June 30 6,080 Cash (A) June 1 Balance 7,220 June Deposits 19,200 19,500 Checks written June June 30 Balance 6,920 How would i find the cash balance?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Hills Company’s June 30 bank statement and the June ledger account for cash are summarized here:
| BANK STATEMENT | ||||||||||||
| Checks | Deposits | Other | Balance | |||||||||
| Balance, June 1 | $ | 7,220 | ||||||||||
| Deposits during June | $ | 18,100 | 25,320 | |||||||||
| Checks cleared during June | $ | 19,200 | 6,120 | |||||||||
| Bank service charges | $ | 40 | 6,080 | |||||||||
| Balance, June 30 | 6,080 | |||||||||||
| Cash (A) | |||||
| June 1 | Balance | 7,220 | |||
| June | Deposits | 19,200 | 19,500 | Checks written | June |
| June 30 | Balance | 6,920 |
How would i find the cash balance?
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