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NEED HELP IMMEDIATELY Required information [The following information applies to the questions displayed below.] As of June 30, Year 1, the bank statement showed an
NEED HELP IMMEDIATELY
Required information [The following information applies to the questions displayed below.] As of June 30, Year 1, the bank statement showed an ending balance of $18,419. The unadjusted Cash account balance was $17,485. The following information is available: 1. Deposit in transit: $2,340. 2. Credit memo in bank statement for interest earned in June; $22. 3. Outstanding check: \$3,262. 4. Debit memo for service charge: $10. Required a. Determine the true cash balance by preparing a bank reconciliation as of June 30 , Year 1 , using the preceding information. (Amounts to be deducted should be indicated with minus sign.) Required a. Determine the true cash balance by preparing a bank reconciliation as of June 30 , Year 1 , using the preceding information. (Amounts to be deducted should be indicated with minus sign.) Step by Step Solution
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