The Company's June 30 bank statement are:
•Adjusted bank balance $5,571
•Adjusted cash balance $5,571
Preparation of a bank reconciliation.
Hills company Bank Reconciliation for the month of Jun 30
Bank statement
Ending balance per bank $5,771
Add Deposits in Transit $100
($17,000-$16,900)
Less Outstanding checks ($300)
Adjusted bank balance $5,571
($5,771+$100-$300)
Company's books
Ending balance per cash account$5,600
Less Service charge ($29)
Adjusted cash balance $5,571
Inconclusion Hills Company's June 30 bank statement are:
•Adjusted bank balance $5,571
•Adjusted cash balance $5,571
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