Question

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?

Answer 1

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

Bank Balance 1275

Step-by-step explanation:

Ending cash balance 950

Service charge -25

NSF Check 200

Deposit is in transit -300

Oustandings checks 450

Bank Balance 1275