The unadjusted balance per the bank statement on august 31


The following information is available for Young Company for the month of August:

1. The unadjusted balance per the bank statement on August 31 was $35,200. 

2. Deposits in transit on August 31 were $3,750. 

3. A debit memo was included with the bank statement for a service charge of $35. 

4. A $2,120 check written in August had not been paid by the bank. 

5. The bank statement included a $1,550 credit memo for the collection of a note. The principal of the note was $1,500, and the interest collected was $50. 

Required: 

Determine the true cash balance as of August 31.

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Cost Accounting: The unadjusted balance per the bank statement on august 31
Reference No:- TGS01241560

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