The following information is available for Trinkle Company for the month of June: The unadjusted balance per the bank statement on June 30 was $81,500. Deposits in transit on June 30 were $3,150. A debit memo was included with the bank statement for a service charge of $40. A $5,611 check written in June had not been paid by the bank. The bank statement included a $950 credit memo for the collection of a note. The principal of the note was $900, and the interest collected amounted to $50. 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.)

$79,039

Explanation:

A Bank Reconciliation Statement is used to determine the true cash balance

Bank Reconciliation Statement as as June 30

Balance as per Bank Statement               $81,500

Add Outstanding Lodgments                     $3,150

Less Unpresented Checks                         ($5,611)

Balance as per Cash Book                       $79,039

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

it established new limitations on use and disclosure for marketing purposes, prohibited selling medical information, expanded individuals’ rights to accessing their own information, and to obtain restrictions from certain disclosures of protected heath information to health plans.