Assof June 30, Year 1 , the bank statement showed an ending balance of $17,739....
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Accounting
Assof June 30, Year 1 , the bank statement showed an ending balance of $17,739. The unadjusted Cash account balance was $16,955. The following information is avallable: 1. Deposit in transit, $2,560. 2. Credit memo in bank statement for interest earned in June: $6. 3. Outstanding check: $3,342. 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. Note: Negative amounts should be indicated with minus sign
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