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

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As of June $30,$ Year $1,$ the bank statement showed an ending balance of $$16,973.$ The unadjusted Cash account balance was $$16,594.$ The following information is available:

Deposit in transit: $$2,965.$

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

Outstanding check: $$3,332.$

Debit memo for service charge: $$10.$

Exercise $6-10$A $($Algo$)$ Part a

Required

a$.$ Determine the true cash balance by preparing a bank reconciliation as of June $30,$ Year $1,$ using the preceding information. $($Amounts to be deducted should be indicated with minus sign.$)$