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:

The unadjusted balance per the bank statement on June 30 was $56,869.

Deposits in transit on June 30 were $2,980.

A debit memo was included with the bank statement for a service charge of $7.

A $4,683 check written in June had not been paid by the bank.

The bank statement included a $950 credit memo for the collection of a note. The principal of the note was $895, and the interest collected amounted to $55.

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.)