The following data apply to Owens Sports, Inc., for April 2010: 1. Balance per the bank on
Question:
The following data apply to Owens Sports, Inc., for April 2010:
1. Balance per the bank on April 30, $12,250.
2. Deposits in transit not recorded by the bank, $2,700.
3. Bank error; check written by Owens on his personal checking account was drawn on the Owens Sports, Inc., account, $900.
4. The following checks written and recorded by Owens Sports, Inc., were not included in the bank statement:
1901 $ 250
1920 580
1921 1,650
5. Credit memo for note collected by the bank, $1,100.
6. Service charge for collection of note, $10.
7. The bookkeeper recorded a check written for $560 to pay for April’s office supplies as $650 in the cash disbursements journal.
8. Bank service charge in addition to the note collection fee, $40.
9. NSF checks returned by the bank, $150.
Required
Determine the amount of the unadjusted cash balance per Owens Sports, Inc.’s books.
Step by Step Answer:
Owens Sports Inc Bank Reconciliation April 30 2010 Unadjusted Bank Balance ...View the full answer
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