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3 January, 23:24

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 $52,607.

2. Deposits in transit on June 30 were $2,420.

3. A debit memo was included with the bank statement for a service charge of $20.

4. A $3,790 check written in June had not been paid by the bank.

5. The bank statement included a $750 credit memo for the collection of a note.

The principal of the note was $715, and the interest collected amounted to $35.

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  1. 4 January, 02:56
    0
    adjusted cash balance 51,237

    Explanation:

    unadjusted balance 52,607

    deposit in transit 2,420

    check outstanding (3,790)

    adjusted cash balance 51,237

    We need to adjust for the information which is unknow for the bank.

    That is the deposits we made but are in trasnit or made after the bank print the report The check we written during the peirod but the holders do not cleared yet.

    The bank already knows how much is gonna charge us for their services, and that it collected a note receivable
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