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Question - Naples Company received a bank statement showing a balance of $13,550 on October 30, 2015. During the bank reconciliation process, Naples accountant noted the following bank errors:

1. A check for $265 issued by Maple, Inc., was mistakenly charged to Naples Company's account.

2. Check 2782 was written for $200 but was paid by the bank as $1,200.

3. Check 2920 for $85 was paid by the bank twice.

4. 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 Ocober 30, 2019, bank reconciliation.

Accounting Basics, Accounting

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  • Reference No.:- M92743818
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