Thompson Corporation Gathered the Following Reconciling Information in Preparing Its

question 68

Multiple Choice

Thompson Corporation gathered the following reconciling information in preparing its October bank reconciliation:
$\begin{array}{|l|r|}\hline \text { Cash balance per bank, 10/31 } & \$ 17,000 \\\hline \text { Note receivable collected by bank } & 4,800 \\\hline \text { Outstanding checks } & 6,500 \\\hline \text { Deposits-in-transit } & 3,000 \\\hline \text { Bank service charge } & 50 \\\hline \text { NSF check } & 2,300 \\\hline\end{array}$
Using the above information,determine the cash balance per books before adjustments for the Thompson Corporation.

• A)$11,050
• B)$19,450
• C)$15,950
• D)$11,150

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Definitions:

Power Tactics

Strategies or methods used by individuals or groups to exert influence or control over others to gain authority or power.

Milgram

Refers to Stanley Milgram, a psychologist known for his groundbreaking research on obedience, demonstrating that people are willing to obey authority figures to the extent of causing harm to others.

Agentic State

A psychological state in which an individual sees themselves as an agent executing the orders of an authority, often used to explain obedience to authority.

Submissive

Characterized by a willingness to yield to the authority or will of others, often at the cost of one's own preferences or needs.