Thompson Corporation Gathered the Following Reconciling Information in Preparing Its

question 32

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 Thompson Corporation.

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Definitions:

Product Performance

Evaluates how well a product meets expected standards and satisfies customer needs in terms of quality, reliability, and functionality.

Deploying Quality

The process of implementing and maintaining a level of excellence in products, services, and processes within an organization.

Total Costs

The sum of all expenses incurred in the production of goods or services, including fixed and variable costs.

Product Cost

The total expense incurred in bringing a product to market, including raw materials, labor, and overhead.