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As of June 30, Year 2 , the bank statement showed an ending balance of $17,994. The unadjusted Cash account balance was $16,907. The following
As of June 30, Year 2 , the bank statement showed an ending balance of $17,994. The unadjusted Cash account balance was $16,907. The following information is available: 1. Deposit in transit, $2,790. 2. Credit memo in bank statement for interest earned in June, $14. 3. Outstanding check, $3,870. 4. Debit memo for service charge, $7. Required Determine the true cash balance by preparing a bank reconciliation as of June 30 , Year 2 , using the preceding information. (Negative amounts should be indicated with minus sign.)
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