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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: $10,885. 2. Deposits in transit not recorded by the bank: $1,510. 3. Bank error, check written by Best Beauty Supply was charged to Pro Beauty Supply's account: $900. 4. The following checks written and recorded by Pro Beauty Supply were not included in the bank statement. 3013 3054 3056 $ 135 480 1,040 5. Note collected by the bank: $650. 6. Service charge for collection of note: $23. 7. The bookkeeper mistakenly recorded a check for $348 but the check was correctly written for May utilities in the amount of $438. 8. Bank service charge in addition to the note collection fee: $25. 9. Customer checks returned by the bank as NSF: $142. 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 1: 1. Balance per the bank on May 31: $10,885. 2. Deposits in transit not recorded by the bank: $1,510. 3. Bank error, check written by Best Beauty Supply was charged to Pro Beauty Supply's account: $900. 4. The following checks written and recorded by Pro Beauty Supply were not included in the bank statement. 3013 3054 3056 $ 135 480 1,040 5. Note collected by the bank: $650. 6. Service charge for collection of note: $23. 7. The bookkeeper mistakenly recorded a check for $348 but the check was correctly written for May utilities in the amount of $438. 8. Bank service charge in addition to the note collection fee: $25. 9. Customer checks returned by the bank as NSF: $142. Required Determine the amount of the unadjusted cash balance per Pro Beauty Supply's books. Unadjusted cash balance

College Accounting (Book Only): A Career Approach
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 1: 1. Balance per the bank on May 31: $10,885. 2. Deposits in transit not recorded by the bank: $1,510. 3. Bank error, check written by Best Beauty Supply was charged to Pro Beauty Supply's account: $900. 4. The following checks written and recorded by Pro Beauty Supply were not included in the bank statement. 3013 3054 3056 $ 135 480 1,040 5. Note collected by the bank: $650. 6. Service charge for collection of note: $23. 7. The bookkeeper mistakenly recorded a check for $348 but the check was correctly written for May utilities in the amount of $438. 8. Bank service charge in addition to the note collection fee: $25. 9. Customer checks returned by the bank as NSF: $142. 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: $10,885. 2. Deposits in transit not recorded by the bank: $1,510. 3. Bank error, check written by Best Beauty Supply was charged to Pro Beauty Supply's account: $900. 4. The following checks written and recorded by Pro Beauty Supply were not included in the bank statement. 3013 3054 3056 $ 135 480 1,040 5. Note collected by the bank: $650. 6. Service charge for collection of note: $23. 7. The bookkeeper mistakenly recorded a check for $348 but the check was correctly written for May utilities in the amount of $438. 8. Bank service charge in addition to the note collection fee: $25. 9. Customer checks returned by the bank as NSF: $142. Required Determine the amount of the unadjusted cash balance per Pro Beauty Supply's books. Unadjusted cash balance
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