Exercise 6-10A (Algo) Adjusting the cash account LO 6-3 As of June 30, Year 1 , the bank statement showed an ending balance of $17,416. The unadjusted Cash account balance was $16,583 The following information is available: 1. Deposit in transit, $2,925. 2. Credit memo in bank statement for interest earned in June: $22. 3. Outstanding check: $3,741. 4. Debit memo for service charge: $5 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