Business, 20.10.2021 14:00 cxttiemsp021
As of June 30, Year 1, the bank statement showed an ending balance of $16,473. The unadjusted Cash account balance was $15,844. The following information is available:
1. Deposit in transit: $2,670.
2. Credit memo in bank statement for interest earned in June: $12.
3. Outstanding check: $3,299.
4. Debit memo for service charge: $12.
Required:
Determine the true cash balance by preparing a bank reconciliation as of June 30, Year 1, using the preceding information.
Answers: 1
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As of June 30, Year 1, the bank statement showed an ending balance of $16,473. The unadjusted Cash a...
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