Homework Answers
| Balance as per bank | 12,485 |
| Deposit in transit | 1,840 |
| Correction of bank error | 950 |
| Outstanding checks | - 2,010 |
| Adjusted cash balance | $13,265 |
Unadjusted cash balance will be calculated as under:
| Adjusted cash balance | 13,265 |
| Note collected by bank | - 800 |
| Service charge of note collection | 20 |
| Book error in recording check | 90 |
| Bank service charge | 25 |
| NSF check | 133 |
| Unadjusted cash balance | $12,733 |
Unadjusted cash balance = $12,733
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The following data apply to Pro Beauty Supply Inc. for May Year 1: 1. Balance per...
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