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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

image text in transcribed 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 $15,891. The unadjusted Cash account balance was $15,071. The following information is available: 1. Deposit in transit: $2,980. 2. Credit memo in bank statement for interest earned in June: $12. 3. Outstanding check: $3,799. 4. Debit memo for service charge: $11. equired Determine the true cash balance by preparing a bank reconciliation as of June 30 , Year 1 , using the preceding information. mounts to be deducted should be indicated with minus sign.)

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