business practice to reconcile the bank accounts on a m Requirement 3. It is ac summary. Reconcile the bank account by comparing the following annual summary statement from Rapids City National Bank to the Cash account in the general ledger. Record journal entries as needed and post to the general ledger. Use transaction z as the posting reference Start by reconciling the bank account by comparing the following annual summary statement from Rapids City National Bank to the Cash account in the general ledger. For any outstanding checks, use the appropriate transaction letter'descriptions in lieu of check numbers to identify each outstanding paynent