Prepare a bank reconciliation. A comparison of the checks written with the checks that have cleared the bank shows outstanding ecks 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 posit is in transit at the end of June. Bank Statement nding Balance per Bank Statement dditions: eductions: HILLS COMPANY Bank Reconciliation June 30 Company's Books Ending Balance per Cash Account Additions: Deductions:

Prepare a bank reconciliation. A comparison of the checks written with the checks that have cleared the bank shows outstanding ecks 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 posit is in transit at the end of June. Bank Statement nding Balance per Bank Statement dditions: eductions: HILLS COMPANY Bank Reconciliation June 30 Company's Books Ending Balance per Cash Account Additions: Deductions:

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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