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How do determine the true cash balance as of june

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Reference no: EM132945488

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

  • The unadjusted balance per the bank statement on June 30 was $52,780.
  • Deposits in transit on June 30 were $2,850.
  • A debit memo was included with the bank statement for a service charge of $24.
  • A $4,724 check written in June had not been paid by the bank.
  • The bank statement included a $800 credit memo for the collection of a note. The principal of the note was $750, and the interest collected amounted to $50.

Required

Problem 1: How do 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: EM132945488

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