Fierro Company received a bank statement showing a balance of $12,800 on November 30, 2016. During the
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Fierro Company received a bank statement showing a balance of $12,800 on November 30, 2016. During the bank reconciliation process, Fierro's accountant noted the following bank errors:
1. A check for $151 issued by Ferro, Inc., was mistakenly charged to Fierro 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 $2,150, prepare the adjusted bank balance section of the Novem ber 30, 2016, bank reconciliation.
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Related Book For
College Accounting A Contemporary Approach
ISBN: 978-0077639730
3rd edition
Authors: David Haddock, John Price, Michael Farina
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