Which of the following is not one of the steps to follow when preparing a bank reconciliation statement?
A. Compare the amounts of deposits in the bank statement with the amounts shown in your
accounting records.
B. Compare the amounts of canceled checks with the amounts shown in your accounting records.
C. Determine the amounts of all outstanding checks and deduct them from the balance shown on
the bank statement.
D. Determine the amounts of any credit memos issued by the bank and deduct them from your check
register.