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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

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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 $18,293. The unadjusted Cash account balanc was $17,097. The following information is available: 1. Deposit in transit: $2,535. 2. Credit memo in bank statement for interest earned in June: $16. 3. Outstanding check: $3,725. 4. Debit memo for service charge: $10. Required 1. 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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