Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Thompson Corporation gathered the following reconciling information in preparing its October bank reconciliation: Cash balance per bank, 10/31 $17,000 Note receivable collected by bank 4,800

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

Cash balance per bank, 10/31 $17,000
Note receivable collected by bank 4,800
Outstanding checks 6,500
Deposits in transit 3,000
Bank service charge 50
NSF check 2,300

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

$15,950

$11,050

$19,450

$11,150

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_2

Step: 3

blur-text-image_3

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

Survival Audit And Calculations Manual

Authors: Dr Joseph Lee Bounds

1st Edition

1505425573, 978-1505425574

More Books

Students also viewed these Accounting questions