Answered step by step
Verified Expert Solution
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
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started