A H.W4 (Chapter 8) Assume that the end-of-month balance in your business checkbook is $2.500. Your bank statement, however, shows a balance of 53.180. Follow these steps to reconcile your checkbook with your bank statement: 1. Compare your checkbook activity with the transactions listed in the bank statement to see if there are any outstanding checks In our example, let's assume Checks #327 and 330 haven't yet cleared the bank. The total amount of these checks is 1.700 2. Compare your checkbook with the deposits shown in the bank statement to see if you made any deposits that aren't listed on the bank statement Let's say you made a deposit on the last day of the month for $1,000. It wasn't recorded by the bank until the next day and isn't shown on the statement 3. Finally, check to see if the bank statement shows any bank charges or foes. You notice that the bank charged your account $20 to have now business checks printed