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.

\begin{tabular}{|c|c|c|c|c|}
\hline \multicolumn{2}{|c|}{ Friendly Bank Reconciliation Worksheet } & \multicolumn{3}{|c|}{ Amount } \\
\hline 1. & Enter the statement closing balance. & [tex]$\$[/tex][tex]$ & 487 & 13 \\
\hline 2. & Enter the sum of any outstanding deposits or credits. & $[/tex]\[tex]$ & 186 & 68 \\
\hline 3. & Add lines 1 and 2. & $\$[/tex] & 673 & 81 \\
\hline 4. & Enter the sum of any outstanding checks or debits. & [tex]$\$[/tex][tex]$ & 174 & 01 \\
\hline 5. & Subtract line 4 from line 3. & $[/tex]\[tex]$ & 499 & 80 \\
\hline 6. & Enter your checkbook balance. & $\$[/tex] & 362 & 60 \\
\hline \multicolumn{5}{|c|}{ Note: Lines 5 and 6 should be equal at the end of the reconciliation. } \\
\hline & & & & \\
\hline
\end{tabular}

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. [tex]$\$[/tex] 325.79[tex]$
B. $[/tex]\[tex]$ 137.20$[/tex]
C. [tex]$\$[/tex] 12.67[tex]$
D. $[/tex]\[tex]$ 313.20$[/tex]



Answer :

To determine the transaction amount that Megan should look for to resolve the discrepancy in her reconciliation worksheet, let’s analyze the given information step by step.

1. Megan’s worksheet has the following data:
- Line 5: [tex]$\$[/tex] 499.80[tex]$ - Line 6: $[/tex]\[tex]$ 362.60$[/tex]

2. According to the reconciliation worksheet, lines 5 and 6 should be equal at the end. However, there is a discrepancy.

3. To find the discrepancy, we need to determine the difference between the values recorded on line 5 and line 6.

4. Let’s calculate the difference:

[tex]\[ \text{Difference} = \text{Amount in Line 5} - \text{Amount in Line 6} \][/tex]

Substituting the given values:

[tex]\[ \text{Difference} = 499.80 - 362.60 = 137.20 \][/tex]

5. Therefore, the amount of the transaction that Megan should look for in order to find a resolution to the problem is:

[tex]\[ \boxed{\$ 137.20} \][/tex]

So the correct answer is: b. [tex]$\$[/tex] 137.20$