As of June 30, 2018, the bank statement showed an ending balance of $19,500. The unadjusted Cash

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As of June 30, 2018, the bank statement showed an ending balance of $19,500. The unadjusted Cash account balance was $15,200. The following information is available:

1. Deposit in transit, $2,400.

2. Credit memo in bank statement for interest earned in June, $30.

3. Outstanding check, $6,690.

4. Debit memo for service charge, $20.

Required

Determine the true cash balance by preparing a bank reconciliation as of June 30, 2018, using the preceding information.

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Survey of Accounting

ISBN: 978-1259631122

5th edition

Authors: Thomas Edmonds, Christopher Edmonds, Philip Olds, Frances McNair, Bor Yi Tsay

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Question Posted: Jul 04, 2017 09:44 AM

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As of June 30, 2018, the bank statement showed an ending balance of $19,500. The unadjusted Cash

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Bank Reconciliation Unadjusted Bank Balance 6302018 19500 Add De...View the full answer

Survey of Accounting

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