The following data apply to Pro Beauty Supply Incorporated for May. Year 2:1. Balance per the bank on May 31, $12,400.2. Deposits in transit not recorded by the bank, $2,190.3. Bank error, check written by Best Beauty Supply was charged to Pro Beauty Supply's account, $850.4. The following checks written and recorded by Pro Beauty Supply were not included in the bank statement301330543056$ 2454581,9885. Note collected by the bank, $750.6. Service charge for collection of note, $24.7. The bookkeeper recorded a check written for $605 to pay for the May utilities expense as $515 in the cash disbursements journal.8. Bank service charge in addition to the note collection fee, $45.9. Customer checks returned by the bank as NSF, $125.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, $12,400. 2. Deposits in transit not recorded by the bank, $2.190. 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 $ 245 450 1,980 5. Note collected by the bank, $750. 6. Service charge for collection of note, $24. 7. The bookkeeper recorded a check written for $605 to pay for the May utilities expense as $515 in the cash disbursements journal. 8. Bank service charge in addition to the note collection fee, $45. 9. Customer checks returned by the bank as NSF, $125. 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, $12,400. 2. Deposits in transit not recorded by the bank, $2.190. 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 $ 245 450 1,980 5. Note collected by the bank, $750. 6. Service charge for collection of note, $24. 7. The bookkeeper recorded a check written for $605 to pay for the May utilities expense as $515 in the cash disbursements journal. 8. Bank service charge in addition to the note collection fee, $45. 9. Customer checks returned by the bank as NSF, $125. 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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