Read the scenario.Derek noticed that the final balance on his bank statement didn't match his records. He recently deposited $200, which he remembers recording, but he might have missed noting some small monthly transactions.What should Derek do next to reconcile his check register with the bank statement?
Answer
d
deposit another $200 to match the bank statement
u
update his register to match the bank's ending balance
a
assume that the bank did not process the $200 deposit
c
compare each transaction listed in the bank statement against his records
Explanation
Derek should compare each transaction on the bank statement with the transactions in his register. This will help him find any small monthly transactions he forgot to record, as well as confirm that the $200 deposit appears in both records. He should not change his register just to match the ending balance or assume the deposit was missed without checking.
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