he April 30 bank statement for Trimble Corporation shows an ending balance of $34,553. The unadjusted cash account balance was $28,550. The accountant for Trimble gathered the following information: There was a deposit in transit for $4,282.The bank statement reports a service charge of $44.A credit memo included in the bank statement shows interest earned of $135.Outstanding checks totaled $11,044.The bank statement included a $850 NSF check deposited in April. What is the true cash balance as of April 30

Respuesta :

Answer:

$27,791

Explanation:

Calculation for the true cash balance as of April 30

Using this formula

True cash balance=Unadjusted bank balance + Deposits - Outstanding checks

Let plug in the formula

True cash balance=$34,553 + $4,282- $11,044

True cash balance= $27,791

Therefore the true cash balance as of April 30 will be $27,791