Question 11 (of 12) value: 3.00 points Exercise 4-11 Determining the true cash balance, starting with the unadjusted bank balance LO 4-2 The following information is available for Sharder Company for the month of June: 1. The unadjusted balance per the bank statement on June 30 was $55,400 2 Deposits in transit on June 30 were $2,700 3. A debit memo was included with the bank statement for a service charge of $25 4. A $5,300 check written in June had not been paid by the bank 5. The bank statement included a $1,070 credit memo for the collection of a note. The principal of the note was $1,040, 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.) ue cash balan