Homework answers / question archive / Determing the true cash balance, starting with the unadjusted bank balance The following information is available for Sharder Company for the month of June: 1) The unadjusted balance per the bank statement on June 30 was $71,230

Determing the true cash balance, starting with the unadjusted bank balance The following information is available for Sharder Company for the month of June: 1) The unadjusted balance per the bank statement on June 30 was $71,230

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Determing the true cash balance, starting with the unadjusted bank balance
The following information is available for Sharder Company for the month of June:
1) The unadjusted balance per the bank statement on June 30 was $71,230.
2) Deposits in transit on June 30 were $2,350
3) A debit memo was included with the bank statement for a service charge of $25.
4) A $5,611 check written in June had no been paid by the bank.
5) The bank statement included a $930 credit memo for the collection of a note. The principal of the note was $900, and the interest collected amounted to $30.
Required: Determine the true cash balance as of June 30.