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.

Question

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

To find the discrepancy between lines 5 and 6 of the reconciliation worksheet, we need to determine the difference between the two amounts:

• Line 5 total: $308.38
• Line 6 total: $328.37

Now, let's calculate the difference:

\[ \text{Difference} = \text{Line 6} - \text{Line 5} \] \[ \text{Difference} = 328.37 - 308.38 = 19.99 \]

Thus, the amount of the single transaction that Yolanda should look for to resolve the problem with the reconciliation is $19.99.

Therefore, the correct answer is: b. $19.99.