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lesya692 [45]
1 year ago
13

The following information is available for Trinkle Company for the month of June:

Mathematics
1 answer:
irinina [24]1 year ago
7 0

True Cash Balance As on June 30  is mathematically given as $ 52588

This is further explained below.

<h3>What is the true cash balance?</h3>

As of the Bank Statement dated June 30th, the Unadjusted Balance A = $53,382.

Deposit in Transit June B = $2,545.

Outstanding Check June 30 C = $3,339

Generally, the equation for the true cash balance is mathematically given as

cash balance = A-(C-B)

Therefore

cash balance= 53,382-(3,339-2,545.)

cash balance= 52588

In conclusion, True Cash Balance As on June 30 = $ 52588

Read more about true cash balance

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