Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the following data apply to pro beauty supply inc.

The following data apply to Pro Beauty Supply Inc. for May 2018 1. Balance per...

70.2K

Verified Solution

Question

Accounting

imageimage

The following data apply to Pro Beauty Supply Inc. for May 2018 1. Balance per the bank on May 31, $11,160. 2. Deposits in transit not recorded by the bank, $1,530. 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 295 3054 3056 630 1,410 5. Note collected by the bank, $750. 6. Service charge for collection of note, $20. 7. The bookkeeper recorded a check written for $604 to pay for the May utilities expense as $514 in the cash disbursements journal. 8. Bank service charge in addition to the note collection fee, $30. 9. Customer checks returned by the bank as NSF, $160

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!
Become a Member

Other questions asked by students