Question Content Area Thompson Company gathered the following reconciling information in preparing its October bank reconciliation. Cash balance per bank, October 31 $14,172 Note receivable collected by bank 6,836 Outstanding checks 7,678 Deposits in transit 5,408 Bank service charge 147 NSF check 1,367 Determine the cash balance per company records (before adjustment) on October 31. a. $6,580 b. $27,258 c. $11,902 d. $17,224

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Bank Reconciliation Statement

As a commerce student, we all know that every business has to maintain a cash book to maintain all his cash and bank transactions. A cash book is a book which has two columns, one cash column and one bank column.