E6-5 Preparing a Bank Reconciliation and Journal Entries, and Reporting Cash
{"Image DocumentName": "E6-5 Preparing a Bank Reconciliation and Journal Entries, and Reporting Cash", "Image ImageDescription": "HILLS COMPANY. Bank Reconciliation. June 30, Bank Statement. Ending balance per bank. statement\u2026\u2026\u2026\u2026\u2026\u2026.. Additions: Deposit in transit\u2026\u2026\u2026\u2026\u2026. Deductions: Outstanding checks\u2026\u2026\u2026... Up-to-date cash balance\u2026...   19,000 -  18,000 =  1,000.   6,070.  1,000. 7,  6,370. Company\u2019s Books. Ending balance per Cash. account \u2026\u2026\u2026\u2026\u2026\u2026.. None. Bank service charge...\u2026\u2026...   6,400. 6, Part I. On the bank statement side of the bank reconciliation, we start with  6,070 as the ending balance per the bank statement and make adjustments for the  1,000 deposit in transit and  700 in outstanding checks. The up-to-date cash balance is  6,370. Part II. On the company\u2019s side of the bank reconciliation, we start with  6,400 as the ending balance per the company\u2019s cash account and subtract the  30 bank service charge. The up-to-date cash balance is  6,370.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}