Thompson Company gathered the following reconciling information in preparing its October bank reconciliation: Cash balance per bank, October 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 Company. a. $11,050 b. $19,450 c. $15,950 d. $11,150

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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.