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As of June 30, Year 1, the bank statement showed an ending balance of $16,526. The unadjusted Cash account balance was $15,363. The following

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As of June 30, Year 1, the bank statement showed an ending balance of $16,526. The unadjusted Cash account balance was $15,363. The following information is available: 1. Deposit in transit, $2,175. 2. Credit memo in bank statement for interest earned in June: $10. 3. Outstanding check: $3,335. 4. Debit memo for service charge: $7. 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.) Bank Reconciliation Unadjusted bank balance 6/30/Year 1 True cash balance 6/30/Year 1 Unadjusted book balance 6/30/Year 1 $ 0 True cash balance 6/30/Year 1 $ 0

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