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Thompson Company gathered the following reconciling information in preparing its October bank reconciliation: Cash balance per bank, October 31 $17,000 Note receivable collected by bank 4,800 Outstanding checks 6,500 Deposits in transit 3,000 Bank service charge 50 NSF check 2,300 Using the above information, determine the cash balance per books (before adjustments) for Thompson Company. a. $11,050 b. $19,450 c. $15,950 d. $11,150

Thompson Company gathered the following reconciling information in preparing its October bank reconciliation: Cash balance per bank, October 31 $17,000 Note receivable collected by bank 4,800 Outstanding checks 6,500 Deposits in transit 3,000 Bank service charge 50 NSF check 2,300 Using the above information, determine the cash balance per books (before adjustments) for Thompson Company. a. $11,050 b. $19,450 c. $15,950 d. $11,150

Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter8: Fraud, Internal Controls, And Cash
Section: Chapter Questions
Problem 9EA: Using the following information, prepare a bank reconciliation. Bank balance: $4,587 Book balance:...
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Thompson Company gathered the following reconciling information in preparing its October bank reconciliation:

Cash balance per bank, October 31 $17,000

Note receivable collected by bank 4,800

Outstanding checks 6,500

Deposits in transit 3,000

Bank service charge 50

NSF check 2,300 Using the above information, determine the cash balance per books (before adjustments) for Thompson Company.

a. $11,050

b. $19,450

c. $15,950

d. $11,150

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