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Florence Company received a bank statement showing a balance of $11,900 on November 30, 2019. During the bank reconciliation process, Florence's accountant noted the following
Florence Company received a bank statement showing a balance of $11,900 on November 30, 2019. During the bank reconciliation process, Florence's accountant noted the following bank errors: 1. A check for $142 issued by Florentine, Inc., was mistakenly charged to Florence Company's account. 2. Check 2782 was written for $300 but was paid by the bank as $1,300. 3. Check 2920 for $76 was paid by the bank twice. 4. A deposit for $590 on November 22 was credited by the bank for $950. Assuming outstanding checks total $1,250, prepare the adjusted bank balance section of the November 30, 2019, bank reconciliation. $ 11,900 FLORENCE COMPANY Bank Reconciliation Statement November 30, 2019 Balance on bank statement Additions: Check 2782 $ 1,000 Check 2920 76 Check incorrectly charged 142) 1.218 $ 13,118 Deductions: Outstanding checks $ 1.250 1,250 11,868 Adjusted bank balance $
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