27.

Thompson Company gathered the following reconciling information in preparing its October bank reconciliation:

Cash balance per bank, October 31	$ 14,467
Note receivable collected by bank	5,758
Outstanding checks	7,276
Deposits in transit	4,955
Bank service charge	250
NSF check	1,630

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

a.$8,268

b.$12,146

c.$16,024

d.$26,698

28.

1. The allowance method of estimating uncollectible accounts receivable based on an analysis of receivables shows that $889 of accounts receivable are uncollectible. Allowance for Doubtful Accounts has a debit balance of $190. The adjusting entry at the end of the year will include a credit to Allowance for Doubtful Accounts in the amount of

   a.$889

   b.$190

   c.$1,079

   d.$699