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As of May 31, 2014, the bank statement showed an ending balance of $17,955. The unadjusted Cash account balance was $17,389. The following information is

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As of May 31, 2014, the bank statement showed an ending balance of $17,955. The unadjusted Cash account balance was $17,389. The following information is available: 1. Deposit in transit, $2,555. 2. Credit memo in bank statement for interest eamed in May, $20 3. Outstanding check, $3,110 4. Debit memo for service charge, $9 Required Determine the true cash balance by preparing a bank reconciliation as of May 31, 2014, using the preceding information. Bank Reconciliation May 31, 2014 Unadjusted bank balance, May 31, 2014 Add Less True cash balance, May 31, 2014 Unadjusted book balance, May 31, 2014 Add; Less True cash balance, May 31.2014

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