Question
Exercise 4-10A (Static) Adjusting the cash account LO 4-3 Assessment Tool iFrame is of June 30, Year 2, the bank statement showed an ending balance
Exercise 4-10A (Static) Adjusting the cash account LO 4-3\ Assessment Tool iFrame\ is of June 30, Year 2, the bank statement showed an ending balance of
$19,500
. The unadjusted Cash account\ alance was
$15,200
. The following information is available:\ Deposit in transit,
$2,400
.\ Credit memo in bank statement for interest earned in June,
$30
.\ Outstanding check,
$6,690
.\ Debit memo for service charge,
$20
.\ Required:\ etermine the true cash balance by preparing a bank reconciliation as of June 30, Year 2, using the preceding\ formation.\ Jote: Negative amounts should be indicated with minus sign.
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