aj.2 Hills Company's June 30 bank statement and the June ledger account for cash are summarized here:BANK STATEMENTChecksBalance, June 1Deposits during JuneChecks cleared during JuneBank service chargesBalance, June 30June 1JuneJune 309E5-5 (Algo) Part 4DebitBalanceDepositsBalanceTotal Amount of Cash$ 18,500Cash (A)7,08017,8006,080Deposits$ 17,400OtherCredit18,800 Checks written$30JuneBalance$ 7,08024,4805,9805,9505,9504. In addition to the balance in its bank account, Hills Company also has $180 of petty cash on hand. This amount is recorded in aseparate account called Petty Cash on Hand. What is the total amount of cash that should be reported on the balance sheet at June30?

Cash is generally defined as physical currency in the form of coins and bills used as a medium of…

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 $ 18,500 Cash (A) Deposits $ 17,400 Other Credit $ 30 Balance $ 7,080 24,480 5,980 5,950 5,950

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 $ 18,500 Cash (A) Deposits $ 17,400 Other Credit $ 30 Balance $ 7,080 24,480 5,980 5,950 5,950

Century 21 Accounting Multicolumn Journal

11th Edition

ISBN:9781337679503

Author:Gilbertson

Publisher:Gilbertson

Chapter5: Cash Control Systems

Section: Chapter Questions

Problem 2AP

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