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Thompson Corporation gathered the following reconciling information in preparing its October bank reconciliation: Cash balance per bank, 10/31 $15,965 Note receivable collected by bank 4,859 Outstanding checks 9,437 Deposits in transit 4,203 Bank service charge 201 NSF check 1,307 Using the above information, determin

Thompson Corporation gathered the following reconciling information in preparing its October bank reconciliation: Cash balance per bank, 10/31 $15,965 Note receivable collected by bank 4,859 Outstanding checks 9,437 Deposits in transit 4,203 Bank service charge 201 NSF check 1,307 Using the above information, determin

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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    Thompson Corporation gathered the following reconciling information in preparing its October bank reconciliation:

    Cash balance per bank, 10/31 $15,965
    Note receivable collected by bank 4,859
    Outstanding checks 9,437
    Deposits in transit 4,203
    Bank service charge 201
    NSF check 1,307

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

    a.$19,316
    b.$7,380
    c.$14,082
    d.$10,731 
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