Reference no: EM13930003
The following data apply to Larry's Auto Supply Inc. for May 2013:
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, $720.
4. The following checks written and recorded by Larry's Auto Supply were not included in the bank statement:
3013 .........$ 420
3054 .........$ 650
3056 .........$ 1,830
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.
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