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: 1. The...

50.1K

Verified Solution

Question

Accounting

image

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 $52,683. 2. Deposits in transit on June 30 were $2,575. 3. A debit memo was included with the bank statement for a service charge of $17. 4. A $4,374 check written in June had not been paid by the bank. 5. The bank statement included a $850 credit memo for the collection of a note. The principal of the note was $800, and the interest collected amounted to $50. 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.) True cash 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

Q

The latitude of any location on Earth is the angle formed by the two rays down from...

Advance Math
Q

How many liters of water have fallen on 1 hectare of land if 2.5 inches of...

Chemistry
Q

1. Please briefly describe your own beliefs about what makes human beings do, think, and feel,...

Psychology
Q

handwashing O Cryptosporidium parvum O Giardia lamblia O Cyclospora cayetanensis Question 10 a petting 200...

Biology
Q

Oprokaryotes autotrophs Odecomposers Ophotosynthetic Question 21 1 point 4 Listen Which group of fungi include...

Biology
Q

Question 18 M M 4 00 Three alternating voltage sources V 3 sin oot V...

Physics
Q

The following table lists some of the empirical results that were obtained in experiments in...

Basic Math
Q

Find the minimum of Q 3x 5y2 if x y 8 The minimum value of...

Statistics
Q

as described in note 5 to the financial statements general express changed its statistical method...

Accounting
Q

7) Arlene is a college professor earning $99,200 and also has a sole proprietor consulting...

Accounting
Q

B Oxford Company has limited funds available for investment and must ration the funds among...

Accounting
Q

On June 20, 2022 Amazon Inc. declared a 20-for-1 stock split. In a statement, the...

Accounting