2 x 1.5 x x = 1
3x = 1
x = 1/3 m / 0.333m
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
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