The following data apply to Pro Beauty Supply Incorporated for May, Year 2: 1. Balance per the bank on May 31, $12,020. 2. Deposits in transit not recorded by the bank, $2,350. 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 $ 295 610 1,320 5. Note collected by the bank, $700. 6. Service charge for collection of note, $9. 7. The bookkeeper recorded a check written for $658 to pay for the May utilities expense as $568 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, $139. 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, $12,020. 2. Deposits in transit not recorded by the bank, $2,350. 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 $ 295 610 1,320 5. Note collected by the bank, $700. 6. Service charge for collection of note, $9. 7. The bookkeeper recorded a check written for $658 to pay for the May utilities expense as $568 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, $139. Required: Determine the amount of the unadjusted cash balance per Pro Beauty Supply's books. Unadjusted cash balance

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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