ezto.mheducation.com Question 2 (of 2) value: 20.00 points The following data ap

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ezto.mheducation.com Question 2 (of 2) value: 20.00 points The following data apply to Pro Beauty Supply Inc. for May 2016: Balance per the bank on May 31, $10,885. Deposits in transit not recorded by the bank, $1,800. 1. 2. ank error, check written by Best Beauty Supply was charged to Pro Beauty Supply's account, $700 statement: 3013 S 200 3054 540 3056 1,410 5. Note collected by the bank $550. Service charge for collection of note, $21, 7. The bookkeeper recorded a check writen for $666 to pay for the May utities expense as $576 in the cash disbursements journal. 8. Bank service charge in addition to the note collection fee, $40. 9. Customer checks returned by the bank as NSF. $195 Required: Determine the amount of the unadjusted cash balance per Pro Beauty Supply's books. Unadjusted cash balance References eBook&Resources; Worksheet

Explanation / Answer

Amount Amount Amount +/- Balance as per bank statement 10885 + Deposit in transit 1800 + Bank error 700 - Checks in transit 3013 -200 3054 -540 3056 -1410 - Note collected by bank -550 + Service charge collection 21 + Bookkeeper error 100 + Bank service charge 40 + NSF Checks 195 Adjustments 2856 -2700 156 Unadjusted cash balance 11041

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