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As of June 30, Year 1, the bank statement showed an ending balance of $18,611. The unadjusted Cash account balance was $17,812. The following information

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As of June 30, Year 1, the bank statement showed an ending balance of $18,611. The unadjusted Cash account balance was $17,812. The following information is avallable: 1. Deposit in transit: $2,875. 2. Credit memo in bank statement for interest earned in June: $8. 3. Outstanding check: $3,674. 4. Debit memo for service charge: $8. Exercise 6-10A (Algo) Part a Required a. Determine the true cash balance by preparing a bank reconciliation as of June 30 , Year 1, using the preceding information. (Amounts to be deducted should be indicated with minus sign.) Journal entry worksheet Note: tnter aedits berore creaits

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