Jerry should compare the transactions listed in his check register with those shown on his bank statement. By doing this, he can identify any discrepancies between the two records.
To evaluate his problem, Jerry should follow these steps:
1. Begin by matching the dates of the transactions in his check register with the dates of the transactions on the bank statement.
2. Check the amounts of each transaction in the register against the amounts on the bank statement to see if they align.
3. Look for any missing transactions in either the check register or the bank statement that could explain the difference in balances.
4. Verify if any outstanding checks or deposits that have not cleared the bank yet are affecting the balance discrepancy.
5. Consider any bank fees, interest payments, or other charges that may have been applied by the bank and are not reflected in the check register.
By comparing transaction dates, amounts, and identifying any missing or pending transactions, Jerry can pinpoint where the discrepancy lies and reconcile his check register with the bank statement to ensure accuracy in his financial records.
