Thompson Corporation gathered the following reconciling information in preparing its October bank reconciliation:
Using the above information,determine the cash balance per books (before adjustments)for Thompson Corporation.
A) $11,050
B) $19,450
C) $15,950
D) $11,150

Question

Thompson Corporation gathered the following reconciling information in preparing its October bank reconciliation: ​
 Using the above information,determine the cash balance per books (before adjustments)for Thompson Corporation.
A) $11,050 
B) $19,450 
C) $15,950 
D) $11,150

Quizplus · Accepted Answer

To find the cash balance per books before adjustments, we start with the ending balance per bank from the bank reconciliation ($17,500) and subtract any outstanding checks ($4,150), add any deposits in transit ($2,650), and subtract any bank errors ($950). This gives us a total of $11,050. Therefore, the correct answer is A) $11,050.

Thompson Corporation Gathered the Following Reconciling Information in Preparing Its