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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
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 $60,319 2. Deposits in transit on June 30 were $2,960. 3. A debit memo was included with the bank statement for a service charge of $19. 4. A $3,971 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 $695, 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.) Answer is complete but not entirely correct. True cash balance $ 67,231
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