The April 30 bank statement for Trimble Corporation shows an ending balance of $37,169. The unadjusted cash account balance was $30,950. The accountant for Trimble gathered the following information: There was a deposit in transit for $4,778. The bank statement reports a service charge of $104. A credit memo included in the bank statement shows interest earned of $455. Outstanding checks totaled $12,316. The bank statement included a $1,670 NSF check deposited in April. What is the true cash balance as of April 30

The true cash balance as of April 30 is $29,631

Explanation:

Perform a Bank Reconciliation to determine the true cash balance as of April 30.

The first step is to update the Cash Book Bank Balance as follows :

Debit :

Balance as per Cash Book (unadjusted)   $30,950

Interest Earned                                                 $455

Totals                                                            $31,405

Credit:

Service Charge                                                 $104

NSF Check                                                     $1,670

Balance as per Updated Cash Book         $29,631

Totals                                                            $31,405

The Next Step is prepare a Bank Reconciliation Statement as of April 30.

Bank Reconciliation Statement as of April 30

Balance at bank as per updated Cash Book       $29,631

Add Unpresented Cheques                                  $12,316

Less Lodgements not yet credited                      ($4,778)

Balance as per bank statement                            $37,169

Conclusion :

The true cash balance as of April 30 is $29,631

It is common to speak of three systematic sources of value change in adulthood: historical events that impact on specific age cohorts (e.g., war, depression), physical ageing (e.g., loss of strength or memory), and life stage (e.g., child rearing, widowhood). Each of these sources affects value-relevant experiences.

Explanation: