Thompson Company Gathered the Following Reconciling Information in Preparing Its

question 85

Multiple Choice

Thompson Company gathered the following reconciling information in preparing its October bank reconciliation:? $$\begin{array} { | l | l | r | } \hline & \text { Cash balance per bank, October } 31 & \$ 17,000 \\\hline & \text { Note receivable collected by bank } & 4,800 \\\hline & \text { Outstanding checks } & 6,500 \\\hline & \text { Deposits in transit } & 3,000 \\\hline & \text { Bank service charge } & 50 \\\hline & \text { NSF check } & 2,300 \\\hline\end{array}$$ 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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