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Phillips Company developed the following reconciling information in preparing its September bank reconciliation: Cash balance per bank, 9/30 $32,000 Note receivable collected by bank 16,000

Phillips Company developed the following reconciling information in preparing its September bank reconciliation: Cash balance per bank, 9/30 $32,000 Note receivable collected by bank 16,000 Outstanding checks 24,000 Deposits-in-transit 12,000 Bank service charge 200 NSF check 4,000 Using the above information, determine the cash balance per books (before adjustments) for Phillips Company. Select one: A. $44,000 B. $32,000 C. $23,400 D. $ 8,200

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