True cash balance
= Unadjusted bank balance + Deposits in transit - outstanding check
= $53,225 + $2,480 - $3,731
= $51,974
Note:
No adjustments was required to be made for any points other than deposit in transit and outstanding check as the entry for the same is recorded both in bank account and bank statement.
The following information is available for Trinkle Company for the month of June: 1. The unadjusted...
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...
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 $57,276. 2. Deposits in transit on June 30 were $2,005. 3. A debit memo was included with the bank statement for a service charge of $29. 4. A $3,676 check written in June had not been paid by the bank. 5. The bank statement included a $1,350 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....
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 $61,205. 2. Deposits in transit on June 30 were $2,050. 3. A debit memo was included with the bank statement for a service charge of $19. 4. A $3,857 check written in June had not been paid by the bank. 5. The bank statement included a $1,500 credit memo for the collection of a note....
The following information is available for Trinkle Company for the month of June: The unadjusted balance per the bank statement on June 30 was $63,219. Deposits in transit on June 30 were $2,075. A debit memo was included with the bank statement for a service charge of $24. A $5,488 check written in June had not been paid by the bank. The bank statement included a $550 credit memo for the collection of a note. The principal of the note...
The following information is available for Trinkle Company for the month of June The unadjusted balance per the bank statement on June 30 was $81,500.Deposits in transit on June 30 were $3,150A debit memo was included with the bank statement for a service charge of $40.A $5,611 check written in June had not been paid by the bankThe bank statement included a $950 credit memo for the collection of a note. The principal of the note was $900, and the interest...
1. The unadjusted balance per the bank statement on June 30 was $51,646. 2. Deposits in transit on June 30 were $2,685 3. A debit memo was included with the bank statement for a service charge of $10 4. A $3,901 check written in June had not been paid by the bank 5. The bank statement included a $900 credit memo for the collection of a note. The principal of the note was $860, and the interest collected amounted to...
Help 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 $57,972. 2. Deposits in transit on June 30 were $2,005. 3. A debit memo was included with the bank statement for a service charge of $7. 4. A $4,240 check written in June had not been paid by the bank. 5. The bank statement included a $1100 credit memo for the collection of a...
1. The unadjusted balance per the bank statement on June 30 was $47,300. 2. Deposits in transit on June 30 were $4,400. 3. A debit memo was included with the bank statement for a service charge of $30. 4. A $7,620 check written in June had not been paid by the bank. 5. The bank statement included a $1,800 credit memo for the collection of a note. The principal of the note was $1,680, and the interest collected amounted to...
Nickleson Company had an unadjusted cash balance of $8,977 as of May 31. The company's bank statement, also dated May 31, included a $55 NSF check written by one of Nickleson's customers. There were $468 in outstanding checks and $260 in deposits in transit as of May 31. According to the bank statement, service charges were $85, and the bank collected a $600 note receivable for Nickleson. The bank statement also showed $12 of interest revenue earned by Nickleson. Required...