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As of June 30, 2012, the bank statement showed an ending balance of $13,879.85. The unadjusted cash account balance was $13, 483.75. The following information is available.
1. Deposit in transition $1476.30.
2. Credit memo in bank statement for interest earned in June, $35.00.
3. Outstanding check, $1843.74.
4. Debit memo for service charge, $6.34.

Determine the true cash balance by preparing a bank reconciliation as of June 300, 2012, using the preceding information.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9969969

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