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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 $$17,440.$ The unadjusted Cash account balance was $$16,422.$ The following information is available:

Deposit in transit: $$2,365.$

Credit memo in bank statement for interest earned in June: $$14.$

Outstanding check: $$3,377.$

Debit memo for service charge: $$8.$

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.$)$

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