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VARVARA [1.3K]
3 years ago
13

As of June 30, 2018, the bank statement showed an ending balance of $16,216. The unadjusted Cash account balance was $15,119. Th

e following information is available: Deposit in transit, $2,175. Credit memo in bank statement for interest earned in June, $6. Outstanding check, $3,276. Debit memo for service charge, $10. Required Determine the true cash balance by preparing a bank reconciliation as of June 30, 2018, using the preceding information. (Negative amounts should be indicated with minus sign.)
Business
2 answers:
My name is Ann [436]3 years ago
5 0

Answer:

Explanation:

Bank reconciliation

Unadjusted book balance 16,216

Add: Debit memo for service 10

Less: Credit memo for int. earned 6

True cash balance 16,220

Unadjusted book balance 15,119

Add: Outstanding check 3,276

Less: Deposit in transit 2175

True cash balance 16,220

sertanlavr [38]3 years ago
3 0

Answer:

<u>Bank Reconciliation Statement </u>

Balance as per bank statement                   $16,216

Deposit Intransit                                             2,175

less Outstanding check                                <u> 3,276</u>

Balance as per cash book                          <u> 15,112</u>

Explanation:

The true cash balance equal $15,112

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