Exercise 6-11A (Algo) Determining the true cash balance, starting with the unadjusted bank balance LO 6-3

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 $54,852.
2. Deposits in transit on June 30 were $2,335.
3. A debit memo was included with the bank statement for a service charge of $12.
4. A $5,415 check written in June had not been paid by the bank.
5. The bank statement included a $1,200 credit memo for the collection of a note. The principal of the note was $1,150, 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.)