As of June 30, Year 1, the bank statement showed an ending balance of $16,106....
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Accounting
As of June Year the bank statement showed an ending balance of $ The unadjusted Cash account balance was $ The following information is available:
Deposit in transit: $
Credit memo in bank statement for interest earned in June: $
Outstanding check: $
Debit memo for service charge: $
a Determine the true cash balance by preparing a bank reconciliation as of June Year using the preceding information. Amounts to be deducted should be indicated with minus sign.
b Record in general journal format the adjusting entries necessary to correct the unadjusted book balance.
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