Question

1. Reconcile Mark’s account for him, and explain the difference between his balance of $169.44 and the bank’s balance of $136.20.
2. How careful was Mark in keeping a record of his checking activities? Discuss.
During his junior year in college, Mark Sutherland opened a checking account at the First National Bank of Westerly, Nebraska. His account does not have a minimum balance requirement, but he does pay a monthly service charge of $3. Mark has just received his first monthly bank statement and notices that the end-of-month balance on the statement is quite different from the end-of-month balance he shows in his check record. He has asked your help in explaining this difference and has provided you with the following bank statement and check record:


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  • CreatedMarch 19, 2015
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