Answered step by step
Verified Expert Solution
Question
1 Approved Answer
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 $61,448. |
2. | Deposits in transit on June 30 were $2,910. |
3. | A debit memo was included with the bank statement for a service charge of $17. |
4. | A $4,885 check written in June had not been paid by the bank. |
5. | The bank statement included a $1,500 credit memo for the collection of a note. The principal of the note was $1,455, and the interest collected amounted to $45. |
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.) |
true cash balance: |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started