The following data apply to Woods Sports Inc. for April, Year 1: 1. Balance per the bank

Question:

The following data apply to Woods Sports Inc. for April, Year 1:

1. Balance per the bank on April 30: $13,750.

2. Deposits in transit not recorded by the bank: $3,600.

3. Bank error; check written by Glen Woods on his personal checking account was drawn on Woods Sports Inc.’s account: $800.

4. The following checks written and recorded by Woods Sports Inc. were not included in the bank statement:

1901 .............................. $ 265
1920 ................................. 650
1921 ............................. 1,200


5. Credit memo for note collected by the bank: $1,100.

6. Service charge for collection of note: $50.

7. The bookkeeper recorded a check written for $760 to pay for April’s office supplies as $670.

8. Bank service charge in addition to the note collection fee: $45.

9. NSF checks returned by the bank: $175.


Required

Determine the amount of the unadjusted cash balance per Woods Sports Inc.’s books.

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Related Book For  book-img-for-question

Introductory Financial Accounting For Business

ISBN: 9781260575309

2nd Edition

Authors: Thomas Edmonds, Christopher Edmonds, Mark Edmonds, Jennifer Edmonds, Philip Olds

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