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 $$18,022.$ The unadjusted Cash account balance was $$16,663.$ The following information is available:

Deposit in transit: $$2,065.$

Credit memo in bank statement for interest earned in June: $$6.$

Outstanding check: $$3,425.$

Debit memo for service charge: $$7.$

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.$)$

$\backslash$table$[[$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 $1,]]$