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Required information Exercise 6-10A (Algo) Adjusting the cash account LO 6-3 [The following information applies to the questions displayed below] As of June 30, Year 1, the bank statement showed an ending balance of $16,053. The unadjusted Cash account balance was $15.196. The following information is available: 1. Deposit in transit: $2,945. 2. Credit memo in bank statement for interest earned in June: $10. 3. Outstanding check: $3,800. 4. Debit memo for service charge: $8. Exercise 6-10A (Algo) Part a Required a. Determine the true cash balance by preparing a bank reconciliation as of June 30, Year 1, using the preceding information. (Amounts to be deducted should be indicated with minus sign.) Bank Reconciliation Unadjusted bank balance 6/30/Year 1

Required information Exercise 6-10A (Algo) Adjusting the cash account LO 6-3 [The following information applies to the questions displayed below] As of June 30, Year 1, the bank statement showed an ending balance of $16,053. The unadjusted Cash account balance was $15.196. The following information is available: 1. Deposit in transit: $2,945. 2. Credit memo in bank statement for interest earned in June: $10. 3. Outstanding check: $3,800. 4. Debit memo for service charge: $8. Exercise 6-10A (Algo) Part a Required a. Determine the true cash balance by preparing a bank reconciliation as of June 30, Year 1, using the preceding information. (Amounts to be deducted should be indicated with minus sign.) Bank Reconciliation Unadjusted bank balance 6/30/Year 1

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Exercise 6-10A (Algo) Part a Required a. Determine the true cash balance by preparing a bank reconciliation as of June 30, Year 1, using the preceding information. (Amounts to be deducted 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 $ $
Transcribed Image Text:Exercise 6-10A (Algo) Part a Required a. Determine the true cash balance by preparing a bank reconciliation as of June 30, Year 1, using the preceding information. (Amounts to be deducted 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 $ $
Required information Exercise 6-10A (Algo) Adjusting the cash account LO 6-3 [The following information applies to the questions displayed below] As of June 30, Year 1, the bank statement showed an ending balance of $16,053. The unadjusted Cash account balance was $15.196. The following information is available: 1. Deposit in transit: $2,945. 2. Credit memo in bank statement for interest earned in June: $10. 3. Outstanding check: $3,800. 4. Debit memo for service charge: $8. Exercise 6-10A (Algo) Part a Required a. Determine the true cash balance by preparing a bank reconciliation as of June 30, Year 1, using the preceding information. (Amounts to be deducted should be indicated with minus sign.) Bank Reconciliation Unadjusted bank balance 6/30/Year 1 True cash balance 6/30/Year 1
Transcribed Image Text:Required information Exercise 6-10A (Algo) Adjusting the cash account LO 6-3 [The following information applies to the questions displayed below] As of June 30, Year 1, the bank statement showed an ending balance of $16,053. The unadjusted Cash account balance was $15.196. The following information is available: 1. Deposit in transit: $2,945. 2. Credit memo in bank statement for interest earned in June: $10. 3. Outstanding check: $3,800. 4. Debit memo for service charge: $8. Exercise 6-10A (Algo) Part a Required a. Determine the true cash balance by preparing a bank reconciliation as of June 30, Year 1, using the preceding information. (Amounts to be deducted should be indicated with minus sign.) Bank Reconciliation Unadjusted bank balance 6/30/Year 1 True cash balance 6/30/Year 1
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