megan used a reconciliation worksheet provided by her bank. line 5 should equal line 6 at the end of the…

megan used a reconciliation worksheet provided by her bank. line 5 should equal line 6 at the end of the reconciliation, but it does not. friendly bank reconciliation worksheet amount 1. enter the statement closing balance. $ 487 13 2. enter the sum of any outstanding deposits or credits. $ 186 68 3. add lines 1 and 2. $ 673 81 4. enter the sum of any outstanding checks or debits. $ 174 01 5. subtract line 4 from line 3. $ 499 80 6. enter your checkbook balance. $ 362 60 note: lines 5 and 6 should be equal at the end of the reconciliation. megan wants to first look for a single transaction that could have caused this problem with reconciliation. what is the amount of the transaction that megan should look for in order to find a solution to the problem? a. $325.79 b. $137.20 c. $12.67 d. $313.20

megan used a reconciliation worksheet provided by her bank. line 5 should equal line 6 at the end of the reconciliation, but it does not. friendly bank reconciliation worksheet amount 1. enter the statement closing balance. $ 487 13 2. enter the sum of any outstanding deposits or credits. $ 186 68 3. add lines 1 and 2. $ 673 81 4. enter the sum of any outstanding checks or debits. $ 174 01 5. subtract line 4 from line 3. $ 499 80 6. enter your checkbook balance. $ 362 60 note: lines 5 and 6 should be equal at the end of the reconciliation. megan wants to first look for a single transaction that could have caused this problem with reconciliation. what is the amount of the transaction that megan should look for in order to find a solution to the problem? a. $325.79 b. $137.20 c. $12.67 d. $313.20

Answer

Explanation:

Step1: Identify the amounts on line 5 and line 6

Line 5 amount: $499.80$, Line 6 amount: $362.60$

Step2: Calculate the difference

$499.80 - 362.60=137.20$

Answer:

b. $$137.20$