Thompson Corporation gathered the following reconciling information in preparing its October bank reconciliation: $$\begin{array} { | l | l | }
\hline \text { Cash balance per bank, } 10 / 31 & \
\hline \text { Note receivable collected by bank } & \
\hline \text { Outstanding checks } & \
\hline \text { Deposits-in-transit } & \
\hline \text { Bank service charge } & \
\hline \text { NSF check } & \
\hline
\end{array}$$ Using the above information, determine the cash balance per books before adjustments) for the Thompson Corporation.

Question

Thompson Corporation gathered the following reconciling information in preparing its October bank reconciliation: $$\begin{array} { | l | l | } 
\hline \text { Cash balance per bank, } 10 / 31 & \
\hline \text { Note receivable collected by bank } & \
\hline \text { Outstanding checks } & \
\hline \text { Deposits-in-transit } & \
\hline \text { Bank service charge } & \
\hline \text { NSF check } & \
\hline
\end{array}$$ Using the above information, determine the cash balance per books before adjustments) for the Thompson Corporation.

Quizplus · Accepted Answer

Cash balance per bank, 10/31 + Note receivable collected by bank - Outstanding checks - Deposits-in-transit - Bank service charge + NSF check = Cash balance per books before adjustments$11,050 + $1,500 - $2,500 - $1,000 - $25 - $500 = $11,050

Thompson Corporation Gathered the Following Reconciling Information in Preparing Its