The following information is available for Trinkle Company for the month of June: 1. The unadjusted balance
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Question:
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 $58,273.
2. Deposits in transit on June 30 were $2,435.
3. A debit memo was included with the bank statement for a service charge of $6.
4. A $3,749 check written in June had not been paid by the bank.
5. The bank statement included a $1,150 credit memo for the collection of a note. The principal of the note was $1120, and the interest collected amounted to $30.
Required
Determine the true cash balance as of June 30.
Related Book For
Fundamental Financial Accounting Concepts
ISBN: 978-0078025907
9th edition
Authors: Thomas Edmonds, Christopher Edmonds
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