Credit memo in bank statement
 4-10                     Adjusting the cash account
As of June 30, 2012, the bank statement showed an ending balance of $13,879.85. The unad- justed Cash account balance was $13,483.75. The following information is available:
1.    Deposit in transit, $1,476.30.
2.    Credit memo in bank statement for interest earned in June, $35.
3.    Outstanding check, $1,843.74.
4.    Debit memo for service charge, $6.34.
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Required
Determine the true cash balance by preparing a bank reconciliation as of June 30, 2012, using the preceding information.
Answers
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Posted 12 Jan 2018 08:01 PM
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