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Determine the true cash balance as of june

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Reference no: EM133024192

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

Reference no: EM133024192

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