Thompson Company's ending cash balance is $950, before adjusting items. The only adjusting items were: $25 service charge NSF check for $200. $300 deposit is in transit outstanding checks total $450. What was Thompson Company's unadjusted bank balance on the bank statement?

Question

Business

Allisson Bauer

24 October, 01:45

Thompson Company's ending cash balance is $950, before adjusting items. The only adjusting items were: $25 service charge NSF check for $200. $300 deposit is in transit outstanding checks total $450. What was Thompson Company's unadjusted bank balance on the bank statement?

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Answers (1)

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Damon Lee · Answer 1

What was Thompson Company's unadjusted bank balance on the bank statement?

Bank Balance 1275

Explanation:

Ending cash balance 950

Service charge - 25

NSF Check 200

Deposit is in transit - 300

Oustandings checks 450

Bank Balance 1275