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As of June 30, 2018, the bank statement showed an ending balance of $18,694. The unadjusted Cash account balance was $17,511. The following information is

As of June 30, 2018, the bank statement showed an ending balance of $18,694. The unadjusted Cash account balance was $17,511. The following information is available:

 

  1. Deposit in transit, $2,590.
  2. Credit memo in bank statement for interest earned in June, $10.
  3. Outstanding check, $3,777.
  4. Debit memo for service charge, $14.

 

Required

Determine the true cash balance by preparing a bank reconciliation as of June 30, 2018, using the preceding information. (Negative amounts should be indicated with minus sign.)

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