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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
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 $57,800. |
2. | Deposits in transit on June 30 were $3,400. |
3. | A debit memo was included with the bank statement for a service charge of $20. |
4. | A $5,700 check written in June had not been paid by the bank. |
5. | The bank statement included a $900 credit memo for the collection of a note. The principal of the note was $840, 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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