Question
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 $58,200.2.Deposits
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 $58,200.2.Deposits in transit on June 30 were $3,500.3.A debit memo was included with the bank statement for a service charge of $25.4.A $5,580 check written in June had not been paid by the bank.5.The bank statement included a $1,080 credit memo for the collection of a note. The principal of the note was $1,050, and the interest collected amounted to $30.
RequiredDetermine the true cash balance as of June 30.
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