Question: Help Saved Chapter 6 Homework (Graded) @ Check my work 4 Exercise 6-11A Determining the true cash balance, starting with the unadjusted bank balance LO

 Help Saved Chapter 6 Homework (Graded) @ Check my work 4

Help Saved Chapter 6 Homework (Graded) @ Check my work 4 Exercise 6-11A Determining the true cash balance, starting with the unadjusted bank balance LO 6-3 1111 points The following information is available for Trinkle Company for the month of June: Sipped 1. The unadjusted balance per the bank statement on June 30 was $61,557. 2. Deposits in transit on June 30 were $2.240. 3. A debit memo was included with the bank statement for a service charge of $22. 4.A 55,323 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 $615, and the interest collected amounted to $35. Print 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.) tre cash balance

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!