The following information is available for Trinkle Company for the month of June: The unadjusted balance per
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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 $55,296.
Deposits in transit on June 30 were $2,745.
A debit memo was included with the bank statement for a service charge of $18.
A $5,212 check written in June had not been paid by the bank.
The bank statement included a $1,450 credit memo for the collection of a note. The principal of the note was $1,420, and the interest collected amounted to $30.
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.)
Related Book For
Fundamental Financial Accounting Concepts
ISBN: 978-0078025907
9th edition
Authors: Thomas Edmonds, Christopher Edmonds
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