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 $16,140. The unadjusted Cash account balance was $15,243. The following information is available: 1. Deposit in transit: $2,540. 2. Credit memo in bank statement for interest earned in June: $14. 3. Outstanding check: $3,434. 4. Debit memo for service charge: $11. 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