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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, $10,870. 2. Deposits
The following data apply to Pro Beauty Supply Incorporated for May, Year 2: 1. Balance per the bank on May 31, $10,870. 2. Deposits in transit not recorded by the bank, $1,760. 3. Bank error; check written by Best Beauty Supply was charged to Pro Beauty Supply's account, $950. 4. The following checks written and recorded by Pro Beauty Supply were not included in the bank statement: 3013 3054 3056 $ 150 $470 1,610 5. Note collected by the bank, $700. 6. Service charge for collection of note, $7. 7. The bookkeeper recorded a check written for $620 to pay for the May utilities expense as $530 in the cash disbursements journal. 8. Bank service charge in addition to the note collection fee, $30. 9. Customer checks returned by the bank as NSF, $107. Required: Determine the amount of the unadjusted cash balance per Pro Beauty Supply's books. Unadjusted cash balance
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Unadjusted cash balance can be calculated as follows Balance a...Get Instant Access to Expert-Tailored Solutions
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