Mr. Jackson's bank statement shows a balance of 1,278.35. There are three outstanding deposits of 145, 50, and 714.90. The outstanding checks were: Check 567 for 236.89, Check 569 for 27.43, Check 570 for 8, and Check 573 for 45.39. If Mr. Jackson's checkbook balance shows 1,843.41, what did he fail to record?
A) Deposit of 145
B) Check 567 for 236.89
C) Check 569 for 27.43
D) ATM withdrawal of 60
Question 2
What item is not found on a bank statement?
A) outstanding checks
B) fees and charges
C) running balance
D) outstanding deposits
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Figure 7.1 shows the rapid decline in the trust of Americans in government since the 1960s. This de
Example of Reconciling a Bank Statement
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