Exercise 4-10 Adjusting the cash account LO 4-3 As of June 30, 2018, the bank statement showed an ending balance of $18,097. The unadjusted Cash account balance was $16,724. The following information is available: 1. Deposit in transit, $2,385. 2. Credit memo in bank statement for interest earned in June, $6. 3. Outstanding check, $3,759. 4. Debit memo for service charge. $7. Required Determine the true cash balance by preparing a bank reconciliation as of June 30, 2018, using the preceding Information. (Negative amounts should be indicated with minus sign.) Bank Reconciliation Unadjusted bank balance 6/30/2018 True cash balance 6/30/2018 $ 0 Unadjusted book balance 6/30/2018 $ 0 True cash balance 6/30/2018 Exercise 4-12 Determining the true cash balance, starting with the unadjusted book balance LO 4-3 Nickleson Company had an unadjusted cash balance of $7750 as of May 31. The company's bank statement, also dated May 31 included a $72 NSF check written by one of Nickleson's customers. There were $700 in outstanding checks and $950 in deposits in transit as of May 31. According to the bank statement service charges were $50, and the bank collected a $800 note receivable for Nickleson The bank statement also showed $13 of interest revenue earned by Nickleson Required Determine the true cash balance as of May 31 (Hint: It is not necessary to use all of the preceding items to determine the true balance True cash balance