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Determine true cash balance by preparing bank reconciliation

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Question - As of June 30, 2018, the bank statement showed an ending balance of $18,694. The unadjusted Cash account balance was $17,511. The following information is available:

1. Deposit in transit, $2,590.

2. Credit memo in bank statement for interest earned in June, $10.

3. Outstanding check, $3,777.

4. Debit memo for service charge, $14.

Required - Determine the true cash balance by preparing a bank reconciliation as of June 30, 2018, using the preceding information.

Reference no: EM132478222

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