8. At the end of the month you are reconciling your checking account and you cannot get the reconciliation difference to equal $0. Below is a screen shot of the reconciliation and the bank statement. What is the reason for the error?

QBO Test Drive Company Bank Statement Statement Date: June 30, 20x1 Credits Charges Balance Beginning Balance, June 1 $5,000.00 5-May Check - 10 - Robertson & Associates $300.00 $4,700.00 11-May Deposit $175.00 $ 4,875.00 27-May Check 12 - Robertson & Associates $250.00 $4,625.00 16-Jun Check 4 - Chin's Gas and Oil $ 54.55 $ 4,570.45 23-Jun Sales Tax Payment $ 38.50 $4,531.95 Ending Balances, June 30 $4,531.95 Edit info Save for later Reconcile Checking Statement ending date: $4,231.95 STATEMENT ENDING BALANCE $4,531.95 CLEARED BALANCE $-300.00 DIFFERENCE $5,000.00 BEGINNING BALANCE $643.05 4 PAYMENTS + $175.00 1 DEPOSIT Show me around Y X Statement ending date Clear filter / View all Payments Deposits All DATE CLEARED DATE TYPE ACCOUNT PAYEE MEMO REF NO. 10 PAYMENT (US DEPOSIT (US! 300.00 5/3/20x1 Bill Paym... Receive P... 1053 175.00 5/11/20x1 5/3 20x1 12 250.00 Expense Check Accounts Payabl... Robertson &.... Accounts Receiv... Bill's Windsur... Legal & Professi... Robertson & Automobile:Fuel Chin's Gas ... - Split - Split 8/17/20x1 4 5455 62320x1 Sales Tax... Q1 Payment 38.50 OOOOOO 6/23/20x1 Sales Tax. Q1 Payment 38.40 6/26/2011 9 Tania's Nursery 89.09 Expense Check Job Expenses... Legal & Professi... 626/20x1 12 Books by Bes... 55.00