As of June 30, Year 1, the bank statement showed an ending balance of $18,518. The unadjusted Cash account balance was $17,772. The following information is available:

Deposit in transit, $2,435.

Credit memo in bank statement for interest earned in June: $8.

Outstanding check: $3,182.

Debit memo for service charge: $9.

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.