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Rina8888 [55]
4 years ago
14

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?
Business
2 answers:
sesenic [268]4 years ago
5 0

Answer:

b. $137.20

Explanation:

just took the test :)

S_A_V [24]4 years ago
3 0

Answer:

13720

Explanation:

The difference between lines 5 and line 6 is 13720 (49980 - 36260)

Which means that after reconciliation in the accounting balance 13720 are missing.

Then we must find the item that adds 13720.

This may occur due to omission or bad registration of outstanding deposits or credits (which means a higher balance) or the amount in the accounts of outstanding checks or debits may have been doubled or bad recorded (since these accounts subtract in the reconciliation)

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