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2 As of June 30, Year 1, the bank statement showed an ending balance of $18,098. The unadjusted Cash account balance was $17,222. The following
2 As of June 30, Year 1, the bank statement showed an ending balance of $18,098. The unadjusted Cash account balance was $17,222. The following information is available: ats Book 1. Deposit in transit. $2,835, 2. Credit memo in bank statement for interest earned in June: $10. 3. Outstanding check $3,709. 4. Debit memo for service charge: $8. Required Determine the true cash balance by preparing a bank reconciliation as of June 30, Year 1, using the preceding information. (Negative amounts should be indicated with minus sign.) Hint Print References Bank Reconciliation Unadjusted bank balance 6/30/Year 1 True cash balance 6/30/Year 1 $ 0 Unadjusted book balance 6/30/Year 1 True cash balance 6/30/Year 1 $ O
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