Problem 6-19A Missing information in a bank reconciliation LO 6-3

The following data apply to Pro Beauty Supply Inc. for May Year 1:

Balance per the bank on May 31: $11,405.

Deposits in transit not recorded by the bank: $2,230.

Bank error; check written by Best Beauty Supply was charged to Pro Beauty Supplys account: $650.

The following checks written and recorded by Pro Beauty Supply were not included in the bank statement:

3013		$	240
3054			580
3056			1,400

Note collected by the bank: $500.

Service charge for collection of note: $22.

The bookkeeper recorded a check written for $627 to pay for the May utilities expense as $537 in the cash disbursements journal.

Bank service charge in addition to the note collection fee: $20.

Customer checks returned by the bank as NSF: $130.

Required Determine the amount of the unadjusted cash balance per Pro Beauty Supplys books.

only question they ask is : Unadjusted cash balance=__________

Part 2

Problem 6-23A Bank reconciliation and internal control LO 6-1, 6-2, 6-3

Following is a bank reconciliation for Zocar Enterprises for June 30, Year 1:

	Cash Account				Bank Statement
Balance as of 6/30/Year 1	$	25,140			$	21,390
Deposit in transit						4,425
Outstanding checks						(465	)
Note collected by bank		1,485
Bank service charge		(25	)
NSF check		(1,250	)
Adjusted cash balance as of 6/30/Year 1	$	25,350			$	25,350

When reviewing the bank reconciliation, Zocars auditor was unable to locate any reference to the NSF check on the bank statement. Furthermore, the clerk who reconciles the bank account and records the adjusting entries could not find the actual NSF check that should have been included in the bank statement. Finally, there was no specific reference in the accounts receivable supporting records identifying a party who had written a bad check. Required a. Prepare the adjusting entry that the clerk would have made to record the NSF check. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

Journal entry workshee

Event	General Journal	Debit	Credit
1

c. Assume the clerk had stolen $1,250 cash, and recorded an entry for a nonexistent NSF check to reduce the cash balance so that it would match the bank balance. Select the internal control practice that would have most likely prevented this fraud.

A.Performance evaluations.

B.Hiring competent employees.

C.Maintaining a bank signature card.

D.Required vacation.

E.Separation of duties.