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 $18,554. The unadjusted Cash account balance was $17,991. The following information is available: 1. Deposit in transit: $2,470. 2. Credit memo in bank statement for interest earned in June: $14. 3. Outstanding check: $3,034. 4. Debit memo for service charge: $15. 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.) 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