Survey of Accounting: P4-20 The following data apply to Superior Auto Supply Inc
Survey of Accounting Problem 4- 20 Missing information in a bank reconciliation The following data apply to Superior Auto Supply Inc. for May 2012. 1. Balance per the bank on May 31, $ 8,000. 2. Deposits in transit not recorded by the bank, $ 975. 3. Bank error; check written by Allen Auto Supply was charged to Superior Auto Supply’s account, $ 650. 4. The following checks written and recorded by Superior Auto Supply were not included in the bank statement: 3013 385 3054 735 3056 1,900 5. Note collected by the bank, $ 500. 6. Service charge for collection of note, $ 10. 7. The bookkeeper recorded a check written for $ 188 to pay for the May utilities expense as $ 888 in the cash disbursements journal. 8. Bank service charge in addition to the note collection fee, $ 25. 9. Customer checks returned by the bank as NSF, $ 125.
Required Determine the amount of the unadjusted cash balance per Superior Auto Supply’s books.