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As of June 30, Year 1, the bank statement showed an ending balance of $19,041....

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Accounting

As of June 30, Year 1, the bank statement showed an ending balance of $19,041. The unadjusted Cash account balance was $17,919. The following information is available: 1. Deposit in transit, $2,590. 2. Credit memo in bank statement for interest earned in June: $8. 3. Outstanding check: $3,708. 4. Debit memo for service charge: $4. 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. Bank Reconciliation Unadjusted bank balance 6/30/Year 1 True cash balance 6/30/Year 1 Unadjusted book balance 6/30/Year 1 True cash balance 6/30/Year 1
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As of June 30, Year 1, the bank statement showed an ending balance of $19,041. The unadjusted Cash account balance was $17,919. The following information is available: 1. Deposit in transit, $2,590. 2. Credit memo in bank statement for interest earned in June: $8, 3. Outstanding check: $3,708. 4. Debit memo for service charge: $4. Required: Determine the true cash balance by preparing a bank reconciliation as of June 30 , Year 1, using the prececting information. Note: Negative amounts should be indicated with minus sign

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