The following data apply to Pro Beauty Supply Incorporated for May, Year 2: 1. Balance per...
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The following data apply to Pro Beauty Supply Incorporated for May, Year 2: 1. Balance per the bank on May 31, $12,420. 2. Deposits in transit not recorded by the bank, $1,950. 3. Bank error; check written by Best Beauty Supply was charged to Pro Beauty Supply's account, $850. 4. The following checks written and recorded by Pro Beauty Supply were not included in the bank statement: 3013 3054 3056 $ 265 590 1,430 5. Note collected by the bank, $800. 6. Service charge for collection of note, $16. 7. The bookkeeper recorded a check written for $594 to pay for the May utilities expense as $504 in the cash disbursements journal. 8. Bank service charge in addition to the note collection fee, $25. 9. Customer checks returned by the bank as NSF, $158. Required: Determine the amount of the unadjusted cash balance per Pro Beauty Supply's books. Unadjusted cash balance The following data apply to Pro Beauty Supply Incorporated for May, Year 2: 1. Balance per the bank on May 31, $12,420. 2. Deposits in transit not recorded by the bank, $1,950. 3. Bank error; check written by Best Beauty Supply was charged to Pro Beauty Supply's account, $850. 4. The following checks written and recorded by Pro Beauty Supply were not included in the bank statement: 3013 3054 3056 $ 265 590 1,430 5. Note collected by the bank, $800. 6. Service charge for collection of note, $16. 7. The bookkeeper recorded a check written for $594 to pay for the May utilities expense as $504 in the cash disbursements journal. 8. Bank service charge in addition to the note collection fee, $25. 9. Customer checks returned by the bank as NSF, $158. Required: Determine the amount of the unadjusted cash balance per Pro Beauty Supply's books. Unadjusted cash balance
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Related Book For
Fundamental Financial Accounting Concepts
ISBN: 978-0078025907
9th edition
Authors: Thomas Edmonds, Christopher Edmonds
Posted Date:
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