The following information is available for Hamby Company for the month of June: 1. The unadjusted balance
Question:
1. The unadjusted balance per the bank statement on June 30 was $68,714.35.
2. Deposits in transit on June 30 were $1,464.95.
3. A debit memo was included with the bank statement for a service charge of $25.38.
4. A $4,745.66 check written in June had not been paid by the bank.
5. The bank statement included a $944 credit memo for the collection of a note. The principal of the note was $859, and the interest collected amounted to $85.
Required
Determine the true cash balance as of June 30
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Unadjusted Bank Balance 63...View the full answer
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