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Required: Determine the amount of the unadjus Unadjusted cash balance

Required: Determine the amount of the unadjus Unadjusted cash balance

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The following data apply to Pro Beauty Supply Incorporated for May Year 1: 1. Balance per the bank on May 31: $12,120. 2. Deposits in transit not recorded by the bank: $1,930. 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 $ 145 570 1,150 5. Note collected by the bank: $550. 6. Service charge for collection of note: $13. 7. The bookkeeper mistakenly recorded a check for $569 but the check was correctly written for May utilities in the amount of $659. 8. Bank service charge in addition to the note collection fee: $30. 9. Customer checks returned by the bank as NSF: $112. Required: Determine the amount of the unadjusted cash balance per Pro Beauty Supply's books. Unadjusted cash balance
Transcribed Image Text:The following data apply to Pro Beauty Supply Incorporated for May Year 1: 1. Balance per the bank on May 31: $12,120. 2. Deposits in transit not recorded by the bank: $1,930. 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 $ 145 570 1,150 5. Note collected by the bank: $550. 6. Service charge for collection of note: $13. 7. The bookkeeper mistakenly recorded a check for $569 but the check was correctly written for May utilities in the amount of $659. 8. Bank service charge in addition to the note collection fee: $30. 9. Customer checks returned by the bank as NSF: $112. Required: Determine the amount of the unadjusted cash balance per Pro Beauty Supply's books. Unadjusted cash balance
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