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As of June 30, Year 1, the bank statement showed an ending balance of $15,788. The unadjusted Cash account balance was $15,035 The following
As of June 30, Year 1, the bank statement showed an ending balance of $15,788. The unadjusted Cash account balance was $15,035 The following information is available: 1. Deposit in transit, $2,720. 2. Credit memo in bank statement for interest earned in June: $18. 3. Outstanding check: $3,468.1 4. Debit memo for service charge: $13. 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. Bank Reconciliation Unadjusted bank balance 6/30/Year 1 True cash balance 6/30/Year 11 Unadjusted book balance 6/30/Year 1 True cash balance 6/30/Year 1 < Prev 1 of 16 Next >
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