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Florence Company received a bank statement showing a balance of $12,100 on November 30, 20X1. During the bank reconciliation process, Florence's accountant noted the following

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Florence Company received a bank statement showing a balance of $12,100 on November 30, 20X1. During the bank reconciliation process, Florence's accountant noted the following bank errors: 1. A check for $144 issued by Florentine, Inc., was mistakenly charged to Florence Company's account. 2. Check 2782 was written for $100 but was paid by the bank as $1100. 3. Check 2920 for $78 was paid by the bank twice. 4. A deposit for $670 on November 22 was credited by the bank for $760. Required: Assuming outstanding checks total $1,450, prepare the adjusted bank balance section of the November 30, 20X1, bank reconciliation FLORENCE COMPANY Bank Reconciliation Statement November 30, 20X1 Balance on bank statement Additions ---- 4. A deposit for $670 on November 22 was credited by the bank for $760. Required: Assuming outstanding checks total $1,450, prepare the adjusted bank balance FLORENCE COMPANY Bank Reconciliation Statement November 30, 20X1 Balance on bank statement Additions: Deductions: Adjusted bank balance

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