Reconciling a Checking Account. Andrew Parker, of San Marcos, Texas, has a checking account at the credit union affiliated with his university. Illustrated below are his monthly statement and check register for the account.

Reconcile the checking account and answer the following questions.

(a) What is the total of the outstanding checks?

(b) What is the total of the outstanding deposits?

(c) Why is there a difference between the uncorrected balance in the check register and the balance on the statement?

(d) What is the updated and correct balance in the check register on the next page?

Account Name Andrew Parker Period of Activity 11/2/18–

12/01/18 Account # 123–45678 Summary of Your Activity This Month Date Activity Amount Balance 11/02 $412.66 11/04 Debit Card POS Transaction

$17.46 395.20 11/09 Check #237 33.33 361.87 11/12 Direct Deposit 876.99 1,238.86 11/13 Debit Card POS Transaction 84.56 1,154.30 11/13 EFT 22.00 1,132.30 11/15 Check#238 645.00 487.30 11/23 Debit Card POS Transaction 68.87 418.43 11/27 Debit Card POS Transaction 43.00 375.43 11/28 Deposit 200.00 575.43 11/30 Check#239 125.00 450.43 11/30 Service Charge 4.50 445.93 11/30 ATM Withdrawal 100.00 345.93 12/01 Check #240 46.00 299.93 Date Check # Payee/
Payor For Amount Balance 11/01 412.66 11/03 Debit Card CVS Cold Meds $ 17.46 395.20 11/05 237 Univ. Bookstore Of Mice and Men 33.33 361.87 11/12 Deposit PNC Bank Payday-
Yeah!
876.99 1,238.86 11/12 238 ABC Property Mgmt.
Rent 645.00 593.86 11/13 Debit Card Kroger’s Groceries 84.56 509.30 11/13 Electronic Payment Maysville Water Water Bill 22.00 487.30 11/23 Debit Card Kroger’s Groceries 67.88 419.42 11/23 Debit Card Applebee’s Dinner with Karen 43.00 376.42 11/27 Deposit Mom For Utilities 200.00 576.42 11/27 239 Duke Power Electric/
Heat Bill 125.00 451.42 11/27 240 Conoco Gas 46.00 405.42 11/30 Debit Card ATM Withdrawal Carry Around Money 100.00 305.42 12/01 241 Comcast Cable Bill 53.88 252.54.

AppendixLO1