A section of a bank statement is shown in the figure. Find the mistake that was made by the bank.DateActionPaymentDepositBalance $1106.35Jan. 2Check #4214$727.32 $379.03Jan. 3Check #4215$41.29 $337.74Jan. 4Transfer from savings $400.00$737.74Jan. 5Paycheck $1177.21$1914.95Jan. 6Cash Withdrawal$150.00 $414.95 The bank ▼(Choose one) $ on January ▼(Choose one) instead of $.

Bank statement is the summary which shows all cash deposited in bank account and all withdrawals…

Answered: A section of a bank statement is shown…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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A section of a bank statement is shown in the figure. Find the mistake that was made by the bank.

Date	Action	Payment	Deposit	Balance
				$1106.35
Jan. 2	Check # 4214	$727.32		$379.03
Jan. 3	Check # 4215	$41.29		$337.74
Jan. 4	Transfer from savings		$400.00	$737.74
Jan. 5	Paycheck		$1177.21	$1914.95
Jan. 6	Cash Withdrawal	$150.00		$414.95

The bank ▼(Choose one)

on January ▼(Choose one) instead of

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