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 $56,518.
2. Deposits in transit on June 30 were $2,340. A debit memo was included with the bank statement for a service charge of $26.
3. A $3,331 check written in June had not been paid by the bank.
4. The bank statement included a $1,050 credit memo for the collection of a note. The principal of the note was $1,015, and the interest collected amounted to $35.
Required:
Determine the true cash balance as of June 30.
Answers: 3
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The following information is available for Trinkle Company for the month of June:
1. The unadjusted...
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