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Question
Thompson Company gathered the following reconciling information in preparing its October bank reconciliation. Determine the cash balance per company records (before adjustment) on June 30.
Cash balance per bank, October 31 $17,000
Note receivable collected by bank 4,800
Outstanding checks 6,500
Deposits in transit 3,000
Bank service charge 50
NSF check 2,300
a. $11,050
b. $19,450
c. $15,950
d. $11,150
Answer
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