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[The following information applies to the questions displayed below.] As of June 30, Year 1, the bank statement showed an ending balance of $16,857. The

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[The following information applies to the questions displayed below.] As of June 30, Year 1, the bank statement showed an ending balance of $16,857. The unadjusted Cash account balance was $15,296. The following information is avallable: 1. Deposit in transit: $2,450. 2. Credit memo in bank statement for interest earned in June: $18. 3. Outstanding check: $3,997. 4. Debit memo for service charge: $4. Required 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.)

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