The following information is available for Hamby Company for the month of June: 1. The unadjusted balance

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The following information is available for Hamby Company for the month of June:
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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Related Book For  book-img-for-question

Survey of Accounting

ISBN: 978-0078110856

3rd Edition

Authors: Thomas P. Edmonds, Frances M. McNair, Philip R. Olds, Bor Yi

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