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Required information Exercise 6-10A (Algo) Adjusting the cash account LO 6-3 [The following information applies to the questions displayed below.] As of June 30 ,
Required information Exercise 6-10A (Algo) Adjusting the cash account LO 6-3 [The following information applies to the questions displayed below.] As of June 30 , Year 1, the bank statement showed an ending balance of $16,901. The unadjusted Cash account balance was $16,395. The following information is available: 1. Deposit in transit: $2,605. 2. Credit memo in bank statement for interest earned in June: $6. 3. Outstanding check: $3,109. 4. Debit memo for service charge: $4. xercise 6-10A (Algo) Part a equired 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.)
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