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

The following data apply to Pro Beauty Supply Incorporated for May Year 1: ...

70.2K

Verified Solution

Question

Accounting

The following data apply to Pro Beauty Supply Incorporated for May Year 1:
Balance per the bank on May 31: $13,135.
Deposits in transit not recorded by the bank: $2,230.
Bank error; check written by Best Beauty Supply was charged to Pro Beauty Supplys account: $700.
The following checks written and recorded by Pro Beauty Supply were not included in the bank statement:
3013 $ 235
3054 520
3056 1,770
Note collected by the bank: $550.
Service charge for collection of note: $23.
The bookkeeper mistakenly recorded a check for $578 but the check was correctly written for May utilities in the amount of $668.
Bank service charge in addition to the note collection fee: $25.
Customer checks returned by the bank as NSF: $175.
Required:
Determine the amount of the unadjusted cash balance per Pro Beauty Supplys books.
image
Unadjusted cash balance

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

Statistics
1.2K views

An SRS of 16 households is selected in Houston and the number of remote controls is...

Basic Math
1.2K views

The processing time for the shipping of packages for a company, during the holidays, were recorded...

Biology
1.2K views

Topic: Vaccinations Debates regarding vaccinating newborns and children have been in the news in the past few...

Psychology
1.2K views

Read \"#SOCIALCHANGE\" located on pages 474 and 475 of the textbook. Describe the manner in which...

Psychology
1.2K views

1. Marijuana has been legalized in several states. Some people believe this has resulted in an...

Physics
1.2K views

3 Determine the force of gravity between Earth and a 5 500 kg elephant The...

Geometry
1.2K views

Aubrey is flying a kite holding her hands a distance of 2 5 feet above...

Basic Math
1.2K views

The most common way for healthcare services to achieve differentiation is through distribution True False

Calculus
1.2K views

Complete the congruence statement F 74 G 141 80 65 H U H 65 T...

Accounting
1.2K views

Atlanta Systems produces two products, Product A, which sells for $650 per unit, and Product...

Accounting
1.2K views

Today's price for a 1-year, zero-coupon riskfree bond is $953.25, and the price of a...

Finance
1.2K views

Please show solution step by step. Howe Corporation is trying...