Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the following information is available for trinkle

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

70.2K

Verified Solution

Question

Accounting

The following information is available for Trinkle Company for the month of June:
The unadjusted balance per the bank statement on June 30 was $55,388.
Deposits in transit on June 30 were $2,710.
A debit memo was included with the bank statement for a service charge of $15.
A $5,116 check written in June had not been paid by the bank.
The bank statement included a $1,300 credit memo for the collection of a note. The principal of the note was $1,255, and the interest collected amounted to $45.
Required:
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.)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Biology
1.2K views

Sketch a DNA Replication fork and all of the enzymes required to synthesize daughter strands on both...

Finance
1.2K views

Stetson Inc just paid a dividend of D0 = $1.23. Analysts expect the company's dividend to...

Physics
1.2K views

Species Het Li Be 3 H He No of orbit radius in A Velocity of...

Physics
1.2K views

Figure shows cross section view of infinite cylindrical wire with a cavity current density is...

Physics
1.2K views

2 In a plane progressive harmonic wave particle speed is always less than the wave...

Physics
1.2K views

jo 0 25 where is the wavelength of the light used obtain the conditions for...

Basic Math
1.2K views

Let A = f(r) be the area of a circle with radius r and r...

Accounting
1.2K views

What are the five competitive forces that affect prices and profitability in an industry?

Accounting
1.2K views

Golden Corp., a merchandiser, recently completed its 2018 operations. For the year, (1) all sales...

Accounting
1.2K views

Pargo Company is preparing its budgeted income statement for 2020 . Relevant data pertaining to...

Accounting
1.2K views

iz Percentage olos P11-29A Usin Capit A Using payback, ARR, NPV, IRR, and investment decisions...

Finance
1.2K views

This question has multiple parts Afumer rows a certain crop. It couts $230,000 to buy...