Determine the true cash balance

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Reference no: EM131984180

The following information is available for the trinkle company for the month of June:

1. The adjusted balance per the bank statement o June 30 was $81,500

2. Deposits in transit on June 30 were $3,150

3. A debit memo was included with the bank statement for a service charge of $40

4. A $5,611 check written in june had not been paid by the bank

5. The bank statement included a $950 credit memo for the collection of a note. The principal of the note was $900, and the interest collected amounted to $50.

Determine the true cash balance as of June 30.

Reference no: EM131984180

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