Question

click and drag on elements in order organize the steps for reconciling a bank statement. instructions look for transactions not previously recorded. check for recording errors. identify the outstanding checks. identify the deposits in transit. confidence to submit your answer. high medium low

Explanation:

Bank reconciliation starts by first capturing any transactions the company missed that the bank has recorded. Next, you check for any mistakes made in recording transactions. Then, you identify checks that have been written but not yet processed by the bank. Finally, you note deposits that the company has made but the bank hasn't yet received.

Answer:

1. Look for transactions not previously recorded.
2. Check for recording errors.
3. Identify the outstanding checks.
4. Identify the deposits in transit.