As of June 30, Year 2, the bank statement showed an ending balance of $18,314. The unadjusted Cash account balance was $17,716. The following information is available: 1. Deposit in transit, $2,740. 2. Credit memo in bank statement for interest earned in June, $12. 3. Outstanding check, $3,333. 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.) Answer is complete but not entirely correct. Bank Reconciliation Unadjusted bank balance 6/30/Year 2 18,314 Add: Deposit in transit 2,740 Less: Outstanding check (3,333) True cash balance 6/30/Year 2 $ 17,721 Unadjusted book balance 6/30/Year 2 $ 17,721 Add: Credit memo for interest earned 120 2. Credit memo in bank statement for interest earned in June, $12. 3. Outstanding check, $3,333. 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 amounts should be indicated with minus sign.). O Answer is complete but not entirely correct. Bank Reconciliation Unadjusted bank balance 6/30/Year 2 $ 18,314 Add: Deposit in transit 2,740 Less: Outstanding check (3,333) True cash balance 6/30/Year 2 $ 17,721 Unadjusted book balance 6/30/Year 2 $ 17,721 Add: Credit memo for interest earned 12 Less: Debit memo for service charge True cash balance 6/30/Year 2 (7) 17,726