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4 years ago

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

Business

1 answer:

klemol [59]4 years ago

8 0

Answer:

the true cash balance as on June 30 is $79,039

Explanation:

The computation of the true cash balance as on June 30 is given below:

Unadjusted Balance as Per Bank Statement on Jun 30 $81,500

Add: Deposit in Transit Jun $3,150

Less: Outstanding Check Jun30 $(5,611)

True Cash Balance As on Jun 30 $79,039

hence, the true cash balance as on June 30 is $79,039

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