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Determine the true cash balance as of June

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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

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