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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
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 $16,927. The unadjusted Cash account balance was $15,981. The following information is available: 1. Deposit in transit: $2,360. 2. Credit memo in bank statement for interest earned in June: $10. 3. Outstanding check: $3,301. 4. Debit memo for service charge: $5. 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.) o. Record in general journal format the adjusting entries necessary to correct the unadjusted book balance. (If no entry is required or a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Note: Enter debits before credits. o. Record in general journal format the adjusting entries necessary to correct the unadjusted book balance. (If no entry is required or a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Record entry for bank service charge expense. Note: Enter debits before credits
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