. the unadjusted balance per the bank statement

Assignment Help Financial Accounting

Reference no: EM131247729

The following information is available for Sharder Company for the month of June:

1. The unadjusted balance per the bank statement on June 30 was $57,800.

2. Deposits in transit on June 30 were $3,400.

3. A debit memo was included with the bank statement for a service charge of $20.

4. A $5,700 check written in June had not been paid by the bank.

5. The bank statement included a $900 credit memo for the collection of a note. The principal of the note was $840, 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.)

Reference no: EM131247729

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. the unadjusted balance per the bank statement : The following information is available for Sharder Company for the month of June: The unadjusted balance per the bank statement on June 30 was $57,800. Deposits in transit on June 30 were $3,400. Determine the true cash balance as of June 30.

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