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As of June 30, Year 2, the bank statement showed an ending balance of $18,649. The unadjusted Cash account balance was $17,181 The following information
As of June 30, Year 2, the bank statement showed an ending balance of $18,649. The unadjusted Cash account balance was $17,181 The following information is available 1. Deposit in transit. $2,430 2. Credit memo in bank statement for interest eared in June $8. 3. Outstanding check, $3,898 4. Debit memo for service charge, $8. 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.) S Bank Reconciliation Unadjusted bank balance 6/30/Year 2 Add Deposit in transit Less Outstanding check True cash balance 6/30/Year 2 18.649 2430 (3,898 17,181 s 5 17.187 Unadjusted book balance 6/30/Year 2 Add Credit memo for interest earned Less Debit memo for service charge True cash balance 6/30/Year 2 (8) 17 187 3
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