Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Thompson Company gathered the following reconciling information in preparing its October bank reconciliation. Cash balance per bank, October 31 $14,764 Note receivable collected by bank

Thompson Company gathered the following reconciling information in preparing its October bank reconciliation. Cash balance per bank, October 31 $14,764 Note receivable collected by bank 5,641 Outstanding checks 7,195 Deposits in transit 3,740 Bank service charge 142 NSF check 1,767 Determine the cash balance per company records (before adjustment) on October 31.

a.$25,699

b.$15,041

c.$11,309

d.$7,577

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_step_2

Step: 3

blur-text-image_step3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions

Question

=+a) What kind of design or study is this?

Answered: 1 week ago