Exercise $4-10$ A $($Algo$)$ Adjusting the cash account LO $4-3$

As of June $30,$ Year $2,$ the bank statement showed an ending balance of $$17,547.$ The unadjusted Cash account balance was $$16,970.$ The following information is available:

Deposit in transit, $$2,495.$

Credit memo in bank statement for interest earned in June, $$10.$

Outstanding check, $$3,076.$

Debit memo for service charge, $$14.$

Required:

Determine the true cash balance by preparing a bank reconciliation as of June $30,$ Year $2,$ using the preceding informatior Note: Negative amounts should be indicated with minus sign.