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The following information is available for Trinkle Company for the month of June: The unadjusted balance per the bank statement on June 30 was $59,366.
The following information is available for Trinkle Company for the month of June:
- The unadjusted balance per the bank statement on June 30 was $59,366.
- Deposits in transit on June 30 were $2,610.
- A debit memo was included with the bank statement for a service charge of $6.
- A $4,783 check written in June had not been paid by the bank.
- The bank statement included a $850 credit memo for the collection of a note. The principal of the note was $820, and the interest collected amounted to $30.
- 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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