The following data apply to Pro Beauty Supply Incorporated for May, Year 2: Balance per the bank on May 31, $12,315. Deposits in transit not recorded by the bank, $2,260. Bank error; check written by Best Beauty Supply was charged to Pro Beauty Supply's account, $800. The following checks written and recorded by Pro Beauty Supply were not included in the bank statement: 3013 $ 195 3054 480 3056 1,780 Note collected by the bank, $900. Service charge for collection of note, $20. The bookkeeper recorded a check written for $623 to pay for the May utilities expense as $533 in the cash disbursements journal. Bank service charge in addition to the note collection fee, $20. Customer checks returned by the bank as NSF, $157. Required: Determine the amount of the unadjusted cash balance per Pro Beauty Supply's books.

College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter6: Bank Accounts, Cash Funds, And Internal Controls
Section: Chapter Questions
Problem 5E
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The following data apply to Pro Beauty Supply Incorporated for May, Year 2:
Balance per the bank on May 31, $12,315.
Deposits in transit not recorded by the bank, $2,260.
Bank error; check written by Best Beauty Supply was charged to Pro Beauty Supply's account, $800.
The following checks written and recorded by Pro Beauty Supply were not included in the bank statement:
3013 $ 195
3054 480
3056 1,780
Note collected by the bank, $900.
Service charge for collection of note, $20.
The bookkeeper recorded a check written for $623 to pay for the May utilities expense as $533 in the cash disbursements journal.
Bank service charge in addition to the note collection fee, $20.
Customer checks returned by the bank as NSF, $157.
Required:
Determine the amount of the unadjusted cash balance per Pro Beauty Supply's books.
Transcribed Image Text:The following data apply to Pro Beauty Supply Incorporated for May, Year 2: Balance per the bank on May 31, $12,315. Deposits in transit not recorded by the bank, $2,260. Bank error; check written by Best Beauty Supply was charged to Pro Beauty Supply's account, $800. The following checks written and recorded by Pro Beauty Supply were not included in the bank statement: 3013 $ 195 3054 480 3056 1,780 Note collected by the bank, $900. Service charge for collection of note, $20. The bookkeeper recorded a check written for $623 to pay for the May utilities expense as $533 in the cash disbursements journal. Bank service charge in addition to the note collection fee, $20. Customer checks returned by the bank as NSF, $157. Required: Determine the amount of the unadjusted cash balance per Pro Beauty Supply's books.
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