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Exercise #2 (6 points): The June 30, 2017 bank statement for Ames Landscaping Corporation shows an ending balance of $35,400. The unadjusted cash account (Book)

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Exercise #2 (6 points): The June 30, 2017 bank statement for Ames Landscaping Corporation shows an ending balance of $35,400. The unadjusted cash account (Book) balance was $34,520. The following information was gathered: 1. There was a deposit in-transit for $5,450. 2. The bank statement reports a service charge of $50. 3. A credit memo included in the bank statement shows interest earned of $30. 4. Outstanding checks totaled $6,250. 5. The bank statement included a $900 NSF check deposited in April. 6. The bank statement reported the collection of a customer account $1,000. Required: Complete the schedule below; calculating the True Cash Balance (Adjusted Balance) as of June 30, 2017 Ames Landscaping Corporation Bank Account Reconciliation For the Month Ended, June 30, 2017 $ Beg. Bal. - Bank $ Beg. Cash Bal. per Book Adjusted Cash Balance $ Adjusted Cash Balance $ a) What total amount of cash should be reported on the balance sheet at the end of June 2021? Cash account on balance sheet at June 30, 2021 10

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