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Determine cash balance per books for Thompson Corporation

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Reference no: EM132735619

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Q1. A machine with a cost of $78,189.00 has an estimated residual value of $5,372.00 and an estimated life of 7 years or 15,337 hours. It is to be depreciated by the units-of-output method. What is the amount of depreciation for the second full year, during which the machine was used 4,778 hours?

a. $10,402.43

b. $20,804.86

c. $24,358.55

d. $22,684.99

Q2. Thompson Corporation gathered the following reconciling information in preparing its October bank reconciliation:

Cash balance per bank, 10/31 $15,602

Note receivable collected by bank 3,750

Outstanding checks 9,832

Deposits in transit 4,567

Bank service charge 167

NSF check 1,456

Using the above information, determine the cash balance per books (before adjustments) for Thompson Corporation.

a. $17,729

b. $12,464

c. $8,210

d. $10,337

Reference no: EM132735619

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