Solution-Determine the true cash balance as of June

Determine the true cash balance as of June

Reference no: EM132846338

Question - The following information is available for Trinckle.

1. The unadjusted balance per the bank statement on June 30 was $81.50.

2. Deposits iransit on June 30 were $3,150.

3. A debit memo was included with the bank statement for a service change 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.

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

Reference no: EM132846338

Questions Cloud

What would be Bob basis in the warehouse : What would be Bob's basis in the warehouse and in the land if the appraised value of the warehouse was $86,750, and the appraised value of the land was $131,000

How does symbolic interactionist theory : How does stratification relate to socialization considering intra and inter generational mobility? How does Symbolic Interactionist theory

Calculate the depreciation expense and book value : Calculate the depreciation expense and book value as of December 31, 2017 and December 31, 2018 using both the straight-line and DDB methods

What is the flexible-budget amount for fixed overhead : Rutch Corporation manufactured 54,000 door knobs during September. What is the flexible-budget amount for fixed overhead

Determine the true cash balance as of June : A debit memo was included with the bank statement for a service change of $40. Determine the true cash balance as of June 30

Describe the situation that led to the conversation : When did you realize that there was a disagreement during the conversation? Describe the situation that led to the conversation.

What should the company report as additional paid-in capital : A company issues 10,000 shares of $10 par value common stock for $23 in cash per share. What should the company report as additional paid-in capital

Prepare the bank account of berol limited in general ledger : Berol Limited has a fixed deposit of R400, 00 at the bank. Prepare the bank account of Berol Limited in the general ledger

Determine company performs better with or without a bonus : Imagine you are interested in determining whether an employee of a company performs better with or without a bonus. What are some issues that could affect

User Account

All Pages

Determine the true cash balance as of June

Reference no: EM132846338

Reference no: EM132846338

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

Determine the effective interest rate

What is the name of this special relationship

Analyze why is the reporting of control procedures required

Compute the net present value of the investment in machine

Compute the ending balance of accounts receivable

The converting department of stay-soft napkin company had

Calculate the annualised holding period return

What is the consolidated total equity of polly company

Compute net present value and profitability index of project

Create classified balance sheet for the year ended december

How much property tax should be recognized for the year

What is the amount of the distribution

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT