ational Global and We 0s Mail tiffanyprice 7314m Problerm

ational & Global and We 0s Mail - tiffany.price 7314@m Problerm 4-20 Misingmat bank econclion Lo 42 The following data apply to Larry\'s Auto Supply Inc for May 2014 1. Balance per the bank on May 31, $8,250 2. Deposits in transit not recorded by the bank, $1,230 3. Bank error, check written by L7 Auto Supply was charged to Larry\'s Auto Supply\'s account, $720. 4. The following checks written and recorded by Larry\'s Auto Supply were not-included in the bank statement 3013 S 420 3054 3056 1,830 650 5. Note collected by the bank, $400 6. Service charge for collection of note, $15 7. The bookkeeper recorded a check written for $230 to pay for the May utilities expense as $430 in the cash disbursements journal 8 Bank service charge in addition to the note collection fee, $35. 9 Customer checks returned by the bank as NSF, $275 Required Determine the amount of the unadjusted cash balance per Larry\'s Auto Supply\'s books Unadjusted cash balance O Type here to search

Solution

Unadjusted cash balance

particulars

Amount ($)

Amount ($)

Balance as per bank on May 31

           8,250.00

Add:

Deposit in transit not recorded by bank

     1,230.00

Check wrongly charged to Larry\'s supply account by the bank

         720.00

Service charges or note collection

           15.00

Bank service charge

           35.00

Customer checks returned by the bank

         275.00

           2,275.00

         10,525.00

Less:

Checks written by Larry yet to be recorded by the bank:

C No. 3013

         420.00

C. No. 3054

         650.00

C. No. 3056

     1,830.00

Note collected by the bank directly

         400.00

Wrongly recorded utility check amount (430 -230)

         200.00

           3,500.00

Unadjusted cash balance as on May 31

           7,025.00

Unadjusted cash balance
particulars	Amount ($)	Amount ($)
Balance as per bank on May 31	8,250.00
Add:
Deposit in transit not recorded by bank	1,230.00
Check wrongly charged to Larry\'s supply account by the bank	720.00
Service charges or note collection	15.00
Bank service charge	35.00
Customer checks returned by the bank	275.00
		2,275.00
		10,525.00
Less:
Checks written by Larry yet to be recorded by the bank:
C No. 3013	420.00
C. No. 3054	650.00
C. No. 3056	1,830.00
Note collected by the bank directly	400.00
Wrongly recorded utility check amount (430 -230)	200.00
		3,500.00
Unadjusted cash balance as on May 31	7,025.00