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As of June 30, Year 1 the bank statement showed an ending balance of $16,836. The unadjusted Cash account balance was 516,404 The following information

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As of June 30, Year 1 the bank statement showed an ending balance of $16,836. The unadjusted Cash account balance was 516,404 The following information is avallable: 1. Deposit in transit, $2715. 2. Credit memo in bank statement for interest earned in June: $10 3. Outstanding check $3.144 4. Debin memo for service cherge: $7. Required: Detarmine the true cash baiance by preparing a bank reconcillation as of June 30 , Year 1 , uting the preceding information. Note: Negative amounts should be indicated with minus sign. Nickleson Company had an unadjusted cash balance of $6.317 as of Nay 31, the company/s bank statement, abo dated Nay 31 , included a $86 NSF check written by one of Nickleson's customers. There were $3005 in outsteading checks and $210 in deposits in transit as of May 3t According to the bank siatement, sorvice charges wore 575 , and the bink coliected an $1.350 note recevatie for Nickleson. The bark staternent also showed $20 of imerest revenue earned by Nickles on. Required: Determine the true cash balance as of May 31 , (Hint it is nat necessary to use atl of the preceding homs to setermine the vue bainhce)

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