Exercise $6-10$A $($Algo$)$ Adjusting the cash account LO $6-3$

As of June $30,$ Year $1,$ the bank statement showed an ending balance of $$16,861.$ The unadjusted Cash account balance was $$15,355.$ The following information is available:

Deposit in transit, $$2,125.$

Credit memo in bank statement for interest earned in June: $$22.$

Outstanding check: $$3,619.$

Debit memo for service charge: $$10.$

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.