As of June 30, Year 1, the bank statement showed an ending balance of $31,000. The following information is available: 1. Deposit in transit $10,800. 2. Outstanding check: $9,200. Required: Determine the true cash balance as of June 30. True cash balance

As of June 30, Year 1, the bank statement showed an ending balance of $31,000. The following information is available 1. Deposit in transit $10,800. 2 Outstanding check: $9,200. Required: Determine the true cash balance as of June 30