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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 $15,939. The

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 $15,939. The unadjusted Cash account balance was $15,511. The following information is available: 1. Deposit in transit, $2,655. 2. Credit memo in bank statement for interest earned in June: $14. 3. Outstanding check: $3,076. 4. Debit memo for service charge: $7. 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. 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 $ $ 0 0 4
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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 \$15,939. The unadjusted Cash account batance wos \$15,511 The following information is available: 1. Deposit in transit, $2.655. 2. Credit memo in bank statement for interest earned in June: $14. 3. Outstanding check $3,076 4. Debit memo for service charge: \$7. Required: Determine the true cash balance by prepating a bank reconciliation as of June 30 , Year 1 , using the preceding information. Note: Negative amounts should be indicated with minus sign

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