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

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 $59,359.
2.      Deposits in transit on June 30 were $2,940.
3.      A debit memo was included with the bank statement for a service charge of $8.
4.      A $4,471 check written in June had not been paid by the bank.
5.     

The bank statement included a $1,500 credit memo for the collection of a note. The principal of the note was $1,470, and the interest collected amounted to $30.


Required

Determine the true cash balance as of June 30. (Hint: It is not necessary to use all of the preceding items to determine the true balance.)



Explanation:
                  
  Unadjusted bank balance, 6/30     $     59,359    
  Plus: Deposits in Transit           2,940    
  Less: Outstanding check           (4,471     )
              
  True cash balance, 6/30     $     57,828