Question
The following information is available for Trinkle Company for the month of June: The unadjusted balance per the bank statement on June 30 was $63,219.
The following information is available for Trinkle Company for the month of June:
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The unadjusted balance per the bank statement on June 30 was $63,219.
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Deposits in transit on June 30 were $2,075.
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A debit memo was included with the bank statement for a service charge of $24.
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A $5,488 check written in June had not been paid by the bank.
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The bank statement included a $550 credit memo for the collection of a note. The principal of the note was $515, and the interest collected amounted to $35.
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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