Required information E5-5 (Algo) Preparing a Bank Reconciliation and Journal Entries and Reporting Cash [LO 5-4] [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: 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 -5 (Algo) Part 3 $ 19,400 Cash (A) 7,260 19,000 7,160 Deposits $ 18,300 Credit 19,700 Checks written What is the balance in the Cash account after the reconciliation entries? other $ 31 June Balance. $7,260 25,560 6,160 6,129 6,129
Required information E5-5 (Algo) Preparing a Bank Reconciliation and Journal Entries and Reporting Cash [LO 5-4] [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: 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 -5 (Algo) Part 3 $ 19,400 Cash (A) 7,260 19,000 7,160 Deposits $ 18,300 Credit 19,700 Checks written What is the balance in the Cash account after the reconciliation entries? other $ 31 June Balance. $7,260 25,560 6,160 6,129 6,129
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Note:-
- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.
- Answer completely.
- You will get up vote for sure.
![Required information
E5-5 (Algo) Preparing a Bank Reconciliation and Journal Entries and Reporting Cash [LO 5-4]
[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:
BANK STATEMENT
Checks
Balance, June 1
Deposits during June
Checks cleared during June
Bank service charges i
Balance, June 30
June 1
June
June 30
E5-5 (Algo) Part 3
Debit
Balance
Deposits
Balance
Cash Balance
$ 19,400
Cash (A)
7,260
19,000
7,160
Deposits
$ 18,300
Credit
19,700 Checks written
3. What is the balance in the Cash account after the reconciliation entries?
Other
$ 31
June
Balance
$ 7,260
25,560
6,160
6,129
6,129](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff4f30c3d-0b89-41a0-8a5b-ae70366ce53d%2Ff52465d4-c567-4382-b2e7-84eb2bba5e77%2Fe0muiho_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Required information
E5-5 (Algo) Preparing a Bank Reconciliation and Journal Entries and Reporting Cash [LO 5-4]
[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:
BANK STATEMENT
Checks
Balance, June 1
Deposits during June
Checks cleared during June
Bank service charges i
Balance, June 30
June 1
June
June 30
E5-5 (Algo) Part 3
Debit
Balance
Deposits
Balance
Cash Balance
$ 19,400
Cash (A)
7,260
19,000
7,160
Deposits
$ 18,300
Credit
19,700 Checks written
3. What is the balance in the Cash account after the reconciliation entries?
Other
$ 31
June
Balance
$ 7,260
25,560
6,160
6,129
6,129
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education