Determine the true cash balance as of June

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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 $60,549.

2. Deposits in transit on June 30 were $2,785.

3. A debit memo was included with the bank statement for a service charge of $22.

4. A $5,226 check written in June had not been paid by the bank.

5. The bank statement included a $1,050 credit memo for the collection of a note. The principal of the note was $990, and the interest collected amounted to $60.

Required - Determine the true cash balance as of June 30.

Reference no: EM132478220

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