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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
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 $18,385. The unadjusted Cash account balance was $17,782. The following information is available: 1. Deposit in transit, $2,545. 2. Credit memo in bank statement for interest earned in June: $22. 3. Outstanding check: $3,136. 4. Debit memo for service charge: $10. 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
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