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 $55,367. 2. Deposits in transit on June 30 were $2,435. 3. A debit memo was included with the bank statement for a service charge of $26. 4. A $4,402 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 principal of the note was $1,300, 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

The following information is available for the Muharraq Company for the month of December On December 31, after all transactions have been recorded, the balance in the company's Cash account has a balance of $ 23,266 .1 The company's bank statement shows a balance on December 31 of $24,529 .2 Outstanding checks at December 31 total S5,370 .3 The bank collected $3,190 on a note receivable that is not yet recorded by Muharraq Company 4 A $452 NSF check from a customer, J. Ahmed is shown on the bank statenment but not yet recorded by the company .5 A deposit placed in the bank's night depository on December 31 totaling $6,615 did not appear on the bank statement .6 Comparing the checks on the bank statement with the entries in the accounting records reveals that check #845 for the payment of an account payable was correctly .7 .written for $2,560 but was erroneously recorded in the accounting records as $2,710 Included in the bank statement was a bank service charge in the amount of $380.…

The following information is available for the Savvy Company for the month of June. a. On June 30, after all transactions have been recorded, the balance in the company's Cash account has a balance of $17,202. b. The company's bank statement shows a balance on June 30 of $19,279. c. Outstanding checks at June 30 total $2,984. d. The bank collected $770 on a note receivable that is not yet recorded by Savvy Company. e. A $67 NSF check from a customer, J. Maroon is shown on the bank statement but not yet recorded by the company. f. A deposit placed in the bank's night depository on June 30 totaling $1,675 did not appear on the bank statement. g. Check #3445 for the payment of an account payable was correctly written for $2,450, but was recorded in the accounting records as $2,540. h. Included with the bank statement was a bank service charge in the amount of $25. It has not been recorded on the company's books. 1. Prepare the June bank reconciliation for the Savvy Company. 2. Prepare the…

JW Company’s cash balance at the end of the month was $4,500.  After comparing the company’s records with the monthly bank statement, JW’s accountant identified the following reconciling items:  outstanding checks, $800; deposits in transit, $700; bank service charge, $30; NSF check, $200.  The cash receipt of the NSF check was previously wrongly recorded by the JW company as $250.  What is the adjusted bank balance? (Assumption, no fraud in this case)