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 $16,027. The unadjusted Cash account balance was $15,476. The following information is avallable: 1. Deposit in transit, $2,860 2. Credit memo in bank statement for interest eamed in June: \$14. 3. Outstanding check: $3,406. 4. Debit memo for service charge: $9 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