2 The following data apply to Pro Beauty Supply Incorporated for May Year 1: 3...
90.2K
Verified Solution
Link Copied!
Question
Accounting
2 The following data apply to Pro Beauty Supply Incorporated for May Year 1: 3 4 1. Balance per the bank on May 31 : 5 2. Deposits in transit not recorded by the bank: 6 3. Bank error; check written by Best Beauty Supply was charged to Pro Beauty Supply's account: $9,150 $1,510 $560 4. The following checks written and recorded by Pro Beauty Supply were not included in the bank statement: CheckNumber3013CheckNumber3054CheckNumber3056$510$640$1,520 13 5. Note collected by the bank: 14 6. Service charge for collection of note: 15 7. The bookkeeper mistakenly recorded a check for $230 but the check was correctly written for May utilities 16 in the amount of $320. 17 8. Bank service charge in addition to the note collection fee: $500 $20 $230 $320 17 8. Bank service charge in addition to the note collection fee: 9. Customer checks returned by the bank as NSF: $40 19 $310 Required Determine the amount of the unadjusted cash balance per Pro Beauty Supply's books. 22 23 (Use the cells from the given information above to complete this question.) 24 25 Unadjusted cash balance 26 27 28
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
