As of June 30, Year 2, the bank statement showed an ending balance of $17,112. The...
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As of June 30, Year 2, the bank statement showed an ending balance of $17,112. The unadjusted Cash account balance was $15,814. The following information is available: 1. Deposit in transit, $2,295. 2. Credit memo in bank statement for interest earned in June, $10. 3. Outstanding check, $3,596. 4. Debit memo for service charge, $13. Required: Determine the true cash balance by preparing a bank reconciliation as of June 30, Year 2, using the preceding information. Note: Negative amounts should be indicated with minus sign. Bank Reconciliation Unadjusted bank balance 6/30/Year 2 True cash balance 6/30/Year 2 Unadjusted book balance 6/30/Year 2 True cash balance 6/30/Year 2 4 $ 0 0 As of June 30, Year 2, the bank statement showed an ending balance of $17,112. The unadjusted Cash account balance was $15,814. The following information is available: 1. Deposit in transit, $2,295. 2. Credit memo in bank statement for interest earned in June, $10. 3. Outstanding check, $3,596. 4. Debit memo for service charge, $13. Required: Determine the true cash balance by preparing a bank reconciliation as of June 30, Year 2, using the preceding information. Note: Negative amounts should be indicated with minus sign. Bank Reconciliation Unadjusted bank balance 6/30/Year 2 True cash balance 6/30/Year 2 Unadjusted book balance 6/30/Year 2 True cash balance 6/30/Year 2 4 $ 0 0
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Survey Of Accounting
ISBN: 9781260575293
6th Edition
Authors: Thomas Edmonds, Christopher Edmonds, Philip Olds
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