Thompson Corporation gathered the following reconciling information in preparing its October bank reconciliation: Cash balance per bank, 10/31 $15,588 Note receivable collected by bank 4,097 Outstanding checks 9,474 Deposits in transit 5,420 Bank service charge 87 NSF check 1,776 Using the above information, determine the cash balance per books (before adjustments) for Thompson Corporation. a.$11,534 b.$13,768 c.$9,300 d.$17,822
Thompson Corporation gathered the following reconciling information in preparing its October bank reconciliation: Cash balance per bank, 10/31 $15,588 Note receivable collected by bank 4,097 Outstanding checks 9,474 Deposits in transit 5,420 Bank service charge 87 NSF check 1,776 Using the above information, determine the cash balance per books (before adjustments) for Thompson Corporation. a.$11,534 b.$13,768 c.$9,300 d.$17,822
Chapter8: Fraud, Internal Controls, And Cash
Section: Chapter Questions
Problem 9EA: Using the following information, prepare a bank reconciliation. Bank balance: $4,587 Book balance:...
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Thompson Corporation gathered the following reconciling information in preparing its October bank reconciliation:
Cash balance per bank, 10/31 | $15,588 |
Note receivable collected by bank | 4,097 |
Outstanding checks | 9,474 |
Deposits in transit | 5,420 |
Bank service charge | 87 |
NSF check | 1,776 |
Using the above information, determine the cash balance per books (before adjustments) for Thompson Corporation.
a.$11,534
b.$13,768
c.$9,300
d.$17,822
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