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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

image text in transcribed 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 $53,774. 2. Deposits in transit on June 30 were $2,750. 3. A debit memo was included with the bank statement for a service charge of $28. 4. A $5,049 check written in June had not been paid by the bank. 5. The bank statement included a $750 credit memo for the collection of a note. The principal of the note was $720, and the interest collected amounted to $30. 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.) 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 $53,774. 2. Deposits in transit on June 30 were $2,750. 3. A debit memo was included with the bank statement for a service charge of $28. 4. A $5,049 check written in June had not been paid by the bank. 5. The bank statement included a $750 credit memo for the collection of a note. The principal of the note was $720, and the interest collected amounted to $30. 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.)

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