As of June 30, Year 1, the bank statement showed an ending balance of $16,857. The unadjusted Cash account balance was $15,296. The following information is available: 1. Deposit in transit: $2,450. 2. Credit memo in bank statement for interest earned in June: $18. 3. Outstanding check: $3,997. 4. Debit memo for service charge: $4. Required a. Determine the true cash balance by preparing a bank reconciliation as of June 30, Year 1, using the preceding information.

As of June 30 , Year 1 , the bank statement showed an ending balance of $16,857. The unadjusted Cash account balance was $15,296. The following information is avallable: 1. Deposit in transit: $2,450. 2. Credit memo in bank statement for interest earned in June: $18. 3. Outstanding check: $3,997. 4. Debit memo for service charge: $4