As of June 30 , Year 1 , the bank statement showed an ending balance of $17,085. The unadjusted Cash account balance was $16,030. The following information is available: 1. Deposit in transit, $2,190. 2. Credit memo in bank statement for interest earned in June: $10. 3. Outstanding check: $3,240. 4. Debit memo for service charge: $5. Required: Determine the true cash balance by preparing a bank reconciliation as of June 30, Year 1, using the preceding information. Note: Negative amounts should be indicated with minus sign. As of June 30 , Year 1 , the bank statement showed an ending balance of $17,085. The unadjusted Cash account balance was $16,030. The following information is available: 1. Deposit in transit, $2,190. 2. Credit memo in bank statement for interest earned in June: $10. 3. Outstanding check: $3,240. 4. Debit memo for service charge: $5. Required: Determine the true cash balance by preparing a bank reconciliation as of June 30, Year 1, using the preceding information. Note: Negative amounts should be indicated with minus sign