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 $52,911.
The following information is available for Trinkle Company for the month of June: The unadjusted balance per the bank statement on June 30 was $52,911. Deposits in transit on June 30 were $2,915. A debit memo was included with the bank statement for a service charge of $16. A $3,211 check written in June had not been paid by the bank. The bank statement included a $650 credit memo for the collection of a note. The principal of the note was $610, and the interest collected amounted to $40. 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.)
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 $52,911. 2. Deposits in transit on June 30 were $2,915. 3. A debit memo was included with the bank statement for a service charge of $16. 4. A$3,211 check written in June had not been paid by the bank. 5. The bank statement included a $650 credit memo for the collection of a note. The principal of the note was $610, and the int collected amounted to $40. 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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