29. Thompson Company developed the following reconciling information in preparing its October bank reconciliation: Cash...
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29. Thompson Company developed the following reconciling information in preparing its October bank reconciliation: Cash balance per bank, 10/31 $17,000 Note receivable collected by bank outstanding checks $ 4,800 Outstanding checks $ 6,500 Deposits-in-transit $ 3,000 Bank service charge $ 50 NSF check $ 2,300 Using the above information, determine the cash balance per books (before adjustments) for the Thompson Company. a. $11,050 b. $19,450 c. $15,950 d. $11,150 30. A $140 petty cash fund has cash of $18 and receipts of $120. The journal entry to replenish the account would include a credit to a. Cash for $120 b. Cash Over and Short for $2 c. Petty Cash for $122 d. Cash for $122 31. A minimum cash balance required by a bank is called a. cash in bank b. cash equivalent c. compensating balance d. EFT
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