To determine the most likely reason for the difference between Larry's checkbook balance and the bank's balance, let’s review the relevant information and work through the problem step-by-step:
1. Understanding the Balances:
- Larry's checkbook balance: \[tex]$922.63
- Bank's closing balance: \$[/tex]961.22
2. Calculating the Difference:
- The difference between the bank's balance and Larry's balance: \[tex]$961.22 - \$[/tex]922.63 = \[tex]$38.59
3. Examining Potential Causes for the Difference:
- Option A: Larry made a mistake in his addition.
- If Larry had made a mistake in his addition, the difference could be any arbitrary amount, not necessarily matching another specific transaction.
- Option B: The bank forgot to include fees.
- If the bank had excluded fees, the balance would likely be lower, making this unlikely unless the fees are actually negative amounts, which is not standard.
- Option C: Larry forgot to write down some deposits.
- If Larry had forgotten to write down some deposits, his balance would be lower than the bank’s balance by the amount of the deposits he forgot. However, the specific amount that we see (\$[/tex]38.59) is not common for typical deposit increments, suggesting this is unlikely.
- Option D: Check 318 was not cashed or deposited.
- Given that the other listed checks (317, 319, and 320) have specific values, and assuming check 318 is the source of the difference, it must be worth \$38.59 — exactly matching the discrepancy calculated previously.
Thus, based on this analysis, the most likely reason for the difference between Larry's checkbook balance and the bank's balance is:
D. Check 318 was not cashed or deposited.
