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Q1. The following information is available for Trinkle Company for...

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Accounting

Q1.
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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 $56,686. 2. Deposits in transit on June 30 were $2,765. 3. A debit memo was included with the bank statement for a service charge of $23 4. A $4,968 check written in June had not been paid by the bank. 5. The bank statement included a $1,300 credit memo for the collection of a note. The principal of the note was $1.265, and the interest collected amounted to $35. Required Determine the true cash balance as of June 30. (Hint:lt is not necessary to use all of the preceding items to determine the true balance.) 1 of 2 Next>

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