Question
Thompson Company gathered the following reconciling information in preparing its October bank reconciliation: Cash balance per bank, October 31 $ 14,098 Note receivable collected by
Thompson Company gathered the following reconciling information in preparing its October bank reconciliation:
| Cash balance per bank, October 31 | $ 14,098 |
| Note receivable collected by bank | 5,410 |
| Outstanding checks | 8,835 |
| Deposits in transit | 4,534 |
| Bank service charge | 262 |
| NSF check | 1,759 |
Using the above information, determine the cash balance per books (before adjustments) for Thompson Company.
a.$9,797
b.$6,408
c.$13,186
d.$27,467
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Managerial Accounting Tools for business decision making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
5th edition
470506954, 471345881, 978-0470506950, 9780471345886, 978-0470477144
