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Helen [10]
3 years ago
5

Thompson Corporation gathered the following reconciling information in preparing its October bank reconciliation: Cash balance p

er bank, 10/31 $12,889 Note receivable collected by bank 4,765 Outstanding checks 10,446 Deposits in transit 4,214 Bank service charge 243 NSF check 1,187 Using the above information, determine the cash balance per books (before adjustments) for Thompson Corporation.
Business
1 answer:
den301095 [7]3 years ago
6 0

Answer:

The cash balance per book is $3322 (before adjustment)

Explanation:

Cash balance per bank = $12,889

Note receivable collected by bank = 4,765

Outstanding checks = 10,446 Deposits in transit = 4,214

Bank service charge = 243

NSF check = 1,187

To determine the cash balance per book:

Cash balance per bank - Note receivable collected by bank - Outstanding checks + Deposits in transit + Bank service charge + NSF check.

= $12,889 - 4,765 - 10,446 + 4,214 + 243 + 1,187

= $3322

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