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\begin{tabular}{|c|c|c|c|c|c|}
\hline
Date & Type & Description & Amount & Balance \\
\hline
[tex]$1/5/2010$[/tex] & Debit & XYZ Supermarket & 145.44 & 2194.56 \\
\hline
[tex]$2/1/2010$[/tex] & 1014 & Rent & 600.00 & 1594.56 \\
\hline
[tex]$2/1/2010$[/tex] & 1015 & Bis Insurance Company & 320.40 & 1274.16 \\
\hline
\end{tabular}

Consider what must be done, if anything, in order to finish the reconciliation process.

A. Line 6 is [tex]$\$[/tex]10.00[tex]$ higher than line 5; look back at the statement to find the discrepancy.
B. Any transaction that appears on the register must still be added to the bank statement.
C. Add lines 5 and 6 together.
D. The rent of \$[/tex]600.00 is in your checkbook but not on your bank statement.

Please select the best answer from the choices provided:

A

B

C

D

Sagot :

GinnyAnswer
To address the given question about reconciling transactions, it's important to carefully analyze the given options and understand what needs to be done to finish the reconciliation process.

We have four choices to consider:

a. Line 6 is [tex]$10.00 higher than line 5; look back at the statement to find the discrepancy. b. Any transaction that appears on the register must still be added to the bank statement. c. Add lines 5 and 6 together. d. The rent of 9000 is in your checkbook but not on your bank statement. Let's evaluate each option one by one: Option a: Line 6 is $[/tex]10.00 higher than line 5; look back at the statement to find the discrepancy.
- This option suggests checking for a discrepancy of $10.00 between two specific lines. However, we don't have clear evidence from the provided information to confirm this discrepancy.

Option b: Any transaction that appears on the register must still be added to the bank statement.
- This option indicates that all transactions recorded in the register must be accounted for in the bank statement to ensure reconciliation. This is a critical step in the reconciliation process, ensuring that the bank statement reflects all transactions.

Option c: Add lines 5 and 6 together.
- This option suggests summing the amounts in lines 5 and 6, but it doesn't directly address the reconciliation process.

Option d: The rent of 9000 is in your checkbook but not on your bank statement.
- This option mentions a specific amount not matching between the checkbook and bank statement. However, the mentioned amount (9000) is not relevant to the transactions provided.

Given the possible answers, the best option is:

b. Any transaction that appears on the register must still be added to the bank statement.

This option ensures proper reconciliation by making sure all register transactions are reflected in the bank statement.
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