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As of June 30, Year 1, the bank statement showed an ending balance of $17,970. The unadjusted Cash account balance was $17,746. The following information
As of June 30, Year 1, the bank statement showed an ending balance of $17,970. The unadjusted Cash account balance was $17,746. The following information is available: 1. Deposit in transit, $2,920. 2. Credit memo in bank statement for interest earned in June, $10. 3. Outstanding check, $3,140. 4. Debit memo for service charge, $6. Required Determine the true cash balance by preparing a bank reconciliation as of June 30, Year 1, using the preceding information. (Negative amounts 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 The following information is available for Trinkle Company for the month of June: 1. The unadjusted balance per the bank statement on June 30 was $61,593. 2. Deposits in transit on June 30 were $2,245. 3. A debit memo was included with the bank statement for a service charge of $21. 4. A $4,748 check written in June had not been paid by the bank. 5. The bank statement included a $1,450 credit memo for the collection of a note. The principal of the note was $1,400, and the interest collected amounted to $50. Required Determine the true cash balance as of June 30. (Hint: It is not necessary to use all of the preceding items to determine the true balance.) True cash balance
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