(Ch 6 & 7) Saved Help Save & Exit Exercise 6-10A Adjusting the cash account...
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(Ch 6 & 7) Saved Help Save & Exit Exercise 6-10A Adjusting the cash account LO 6-3 The following information applies to the questions displayed below.) As of June 30, Year 1, the bank statement showed an ending balance of $16,555. The unadjusted Cash account balance was $15,743. The following information is available: 1. Deposit in transit: $2.970, 2. Credit memo in bank statement for interest earned in June: $22. 3. Outstanding check: $3,773. 4. Debit memo for service charge: $13. 42:06 Exercise 6-10A Part a Required a. Determine the true cash balance by preparing o 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
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