The following information is available for Trinkle Company for the month of June: The unadjusted balance...
The following information is available for Trinkle Company for the month of June: The unadjusted balance per the bank statement on June 30 was $56,380. Deposits in transit on June 30 were $2,840. A debit memo was included with the bank statement for a service charge of $10. A $3,470 check written in June had not been paid by the bank. The bank statement included a $750 credit memo for the collection of a note. The principal of the note was $725, and the interest collected amounted to $25.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.)
Homework Answers
| Unadjusted balance per the bank statement | 56380 |
| Add: Deposits in transit on June 30 | 2840 |
| Less: Outstanding check | -3470 |
| True cash balance as of June 30 | 55750 |
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The following information is available for Trinkle Company for
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The following information is available for Trinkle Company for the month of June: The unadjusted balance...
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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 $53,225. 2. Deposits in transit on June 30 were $2,480. 3. A debit memo was included with the bank statement for a service charge of $8. 4. A $3,731 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 following information is available for Trinkle Company for the month of June: 1. The unadjusted balance per the bank statement on June 30 was $53,343. 2. Deposits in transit on June 30 were $2,585. 3. A debit memo was included with the bank statement for a service charge of $21. 4. A $5.680 check written in June had not been paid by the bank. 5. The bank statement included a $650 credit memo for the collection of a note....
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