Question

Yolanda used a reconciliation worksheet provided by her bank. Line 5 should equal line 6 at the end of the reconciliation, but it does not. Mega Bank Reconciliation Worksheet Amount 1. Enter the statement closing balance. $ 345 89 2. Enter the sum of any outstanding deposits or credits. $ 0 00 3. Add lines 1 and 2. $ 345 89 4. Enter the sum of any outstanding checks or debits. $ 37 51 5. Subtract line 4 from line 3. $ 308 38 6. Enter your checkbook balance. $ 328 37 Note: Lines 5 and 6 should be equal at the end of the reconciliation. Yolanda wants to first look for a single transaction that could have caused this problem with reconciliation. What is the amount of the transaction that Yolanda should look for in order to find a solution to the problem? A. $17.52 b. $19.99 c. $20.01 d. $37.51

Answer 1

The best answer for the question is B. $19.99

Answer 2

Answer is 19.99 dollars

Explanation:

Let us draw the reconciliatin done by Yolanda linewise

Banking reconciliation Worksheet Amount of Mega

1) Closing balance                                                       $ 345 89

2) the sum of any outstanding deposits or credits.         0.00

3)   Sum of 1 and 2                                                          345.89

4. sum of any outstanding checks or debits.                $ 37 51 5.

5) (3)-(4)                                                                           $ 308 38

6) checkbook balance.                                                   $ 328 37  

7) Difference (6)-(5)                                                         $   19.99

SInce difference is exactly 19.99 dollars Yolanda should look for the amount 19.99 dollars to find a solution to the problem i.e. to see the reason for the difference between lines 5 and 6