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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 $17,071. 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 $17,071. The unadjusted Cash account balance was $15,994. The following information is available: 1. Deposit in transit $2,580. 2. Credit memo in bank statement for interest earned in June: $24. 3. Outstanding check: $3,639. 4. Debit memo for service charge: $6. 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 0 True cash balance 6/30/Year 1 $ b. Record in general journal format the adjusting entries necessary to correct the unadjusted book balance. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet > Record entry for interest revenue. Note: Enter debits before credits. General Journal Debit Credit Event Ad 1 Record entry Clear entry View general Journal b. Record in general journal format the adjusting entries necessary to correct the unadjusted book balance. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet

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