Megan used a reconciliation worksheet provided by her bank. line 5 should equal line 6 at the end of the reconciliation, but
it does not
friendly bank reconciliation worksheet
amount
1. enter the statement closing balance.
487 13
2. enter the sum of any outstanding deposits or credits
186 68
3. add lines 1 and 2
$ 673 81
4. enter the sum of any outstanding checks or debits.
$ 174 01
5. subtract line 4 from line 3
$ 499 80
6. enter your checkbook balance
$ 362 60
note: lines 5 and 6 should be equal at the end of the reconciliation
megan wants to first look for a single transaction that could have caused this problem with reconciliation. what is the
amount of the transaction that megan should look for in order to find a solution to the problem?
a $325.79
b. $13720
c. $12.67
d $313.20
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