Exercise $6-10$A $($Algo$)$ Adjusting the cash account LO $6-3$

As of June $30,$ Year $1,$ the bank statement showed an ending balance of $$17,470.$ The unadjusted Cash account balance was $$17,152.$ The following information is available:

Deposit in transit, $$2,765.$

Credit memo in bank statement for interest earned in June: $$20.$

Outstanding check: $$3,074.$

Debit memo for service charge: $$11.$

Required:

Determine the true cash balance by preparing a bank reconciliation as of June $30,$ Year $1,$ using the preceding information. Note: Negative amounts should be indicated with minus sign.

$\backslash$table$[[$Bank Reconciliation$],[$Unadjusted bank balance $6/30/$Year $1,],[,],[,],[$True cash balance $6/30/$Year $1,],[$Unadjusted book balance $6/30/$Year $1,],[,],[,],[$True cash balance $6/30/$Year $1,]]$