Question
Florence Company received a bank statement showing a balance of $13,550 on November 30, 2019. During the bank reconciliation process, Florences accountant noted the following
Florence Company received a bank statement showing a balance of $13,550 on November 30, 2019. During the bank reconciliation process, Florences accountant noted the following bank errors:
A check for $265 issued by Florentine, Inc., was mistakenly charged to Florence Companys account.
Check 2782 was written for $200 but was paid by the bank as $1,200.
Check 2920 for $85 was paid by the bank twice.
A deposit for $580 on November 22 was credited by the bank for $850.
Assuming outstanding checks total $2,450, prepare the adjusted bank balance section of the November 30, 2019, bank reconciliation.
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