chapter 4 question 2

2 6 pints eBook 101 Hint Print References As of June 30, Year 2, the bank statement showed an ending balance of $18,157. The unadjusted Cash account balance was $17,527. The following information is available: 1. Deposit in transit, $2,990. 2. Credit memo in bank statement for interest earned in June, $14. 3. Outstanding check, $3,619. 4. Debit memo for service charge, $13. Required: Determine the true cash balance by preparing a bank reconciliation as of June 30, Year 2, using the preceding information. Note: Negative amounts should be indicated with minus sign. Bank Reconciliation Unadjusted bank balance 6/30/Year 2 True cash balance 6/30/Year 2 Unadjusted book balance 6/30/Year 2 True cash balance 6/30/Year 2