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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: E5.5 (Algo) Port 1 Required: 1. Prepare a bank reconciliation. A comparison of the checks written with the checks that have cleared the bank shows outstanding checks 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 deposit is in transit at the end of June. Bank service charges Balance, June 30 $316,1296,129 E5-5 (Algo) Part 1 Required: 1. Prepare a bank reconciliation. A comparison of the checks written with the checks that have cleared the bank shows outstanding checks 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 deposit is in transit at the end of June. 2. Prepare any journal entries that should be made as a result of the bank reconciliation. (If no entry is required for o transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the service charges of $31 deducted by the bank. Note: Enter debits before credits

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