Exercise 4-12A (Algo) Determining the true cash balance, starting with the unadjusted book balance LO 4-3 Return to question Nickleson Company had an unadjusted cash balance of $4,352 as of May 31. The company's bank statement, also dated May 31, included a $94 NSF check written by one of Nickleson's customers. There were $1,131 in outstanding checks and $270 in deposits in transit as of May 31. According to the bank statement, service charges were $75, and the bank collected a $850 note receivable for Nickleson. The bank statement also showed $18 of interest revenue earned by Nickleson. Required: Determine the true cash balance as of May 31. (Hint: It is not necessary to use all of the preceding items to determine the true balance.) Answer is complete but not entirely correct. $ 4,290 X True cash balance

Exercise 4-12A (Algo) Determining the true cash balance, starting with the unadjusted book balance LO 4-3 Nickleson Company had an unadjusted cash balance of $4,352 as of May 31. The company's bank statement, also dattd May 31, included a \$94 NSF check written by one of Nickleson's customers. There were \$1,131 in outstanding checks and \$270 in deposits in transit as of May 31. According to the bank statement, service charges were $75, and the bank collected a $850 note receivabie for Nickleson. The bank statement also showed $18 of interest revenue earned by Nickleson. Required: Determine the true cash balance as of May 31. (Hint: it is not necessary to use all of the preceding items to determine the true balance.) Answer is complete but not entirely correct. Exercise 4-11A (Algo) Determining the true cash balance, starting with the unadjusted bank balance LO 4-3 The following information is avallable for Trinkle Company for the month of June: 1. The unadjusted balance per the bank statement on June 30 was $61,261. 2. Deposits in transit on June 30 were $2,300. 3. A debit memo was included with the bank statement for a service charge of $22. 4. A $5,852 check written in June had not been paid by the bank. 5. The bank statement included a $550 credit memo for the collection of a note. The principal of the note was $510, and the interest collected amounted to $40. Required: 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 belance)