6-11A Determining the true cash balance, starting with the wing information is a

Question

6-11A Determining the true cash balance, starting with the wing information is available for Trinkle Company for the month adjusted balance per the bank statement on June 30 was s81,500. Exercise 6-11A bank balance The following I. The un Deposits in transit on June 30 were S3,150. 3. A debit memo was inc 2. a service charge of s40, luded with the bank statement for A $3,611 check written in June had not been paid by the ban T he bank statement included a $950 credit memo of the note was $900, and the interest collected amounted to S r the collection of a note. The 5. fo Required Determine the true cash balance as of June 30. (Hint: It is not necessary to use all of t 50. ing items to determine the true balance.) f truce starting with the unadjusted

Explanation / Answer

Unadjusted Balance per the bank statement = $81,500
Deposits in transit = $3,150
Outstanding Check = $5,611

Adjusted Cash Balance = Unadjusted Balance per the bank statement + Deposits in transit - Outstanding Check
Adjusted Cash Balance = $81,500 + $3,150 - $5,611
Adjusted Cash Balance = $79,039

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