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As of May 31, 2010, the bank statement showed an ending balance of $18,500. The unadjusted Cash account balance was $16,950. The following information is

As of May 31, 2010, the bank statement showed an ending balance of $18,500. The unadjusted Cash account balance was $16,950. The following information is available:

1. Deposit in transit, $2,630.
2. Credit memo in bank statement for interest earned in May, $25.
3. Outstanding check, $4,208.
4. Debit memo for bank service charge, $53.

Required:

Determine the true cash balance by preparing a bank reconciliation as of May 31, 2010, using the preceding information. (Amounts to be deducted should be indicated with minus sign. Omit the "$" sign in your response.)

Bank Reconciliation
Unadjusted Bank Balance 5/31/2010 $
Add : (Click to select)Debit Memo for Bank Service ChargeOutstanding CheckDeposit in TransitError in Recording Check for RepairsCredit Memo for Interest Earned
Less : (Click to select)Outstanding CheckCredit Memo for Interest EarnedDebit Memo for Bank Service ChargeError in Recording Check for RepairsDeposit in Transit
True Cash Balance 5/31/2010

$

Unadjusted Book Balance 5/31/2010 $
Add : (Click to select)Outstanding CheckDebit Memo for Bank Service ChargeDeposit in TransitError in Recording Check for RepairsCredit Memo for Interest Earned
Less : (Click to select)Deposit in TransitError in Recording Check for RepairsCredit Memo for Interest EarnedOutstanding CheckDebit Memo for Bank Service Charge
True Cash Balance 5/31/2010

$

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