Consider these two statements regarding Undeposited Funds: $1.$ Utilizing Undeposited Funds allows for consolidating multiple payments into a single bank deposit, simplifying the process of $\_2.$ When recording customer payments to be deposited into the bank in one lump sum, it is essential to ensure that Which option correctly completes the blanks? Reconciling your expenses with your bank statement; the designated Deposit to account is Uncategorized asset Reconciling your bank register with your bank statement; the designated Deposit to account is Chequing Reconciling your bank register with your bank statement; the designated Deposit to account is Undeposited funds Reconciling your bank register with your bank statement; the designated Deposit to account is Uncategorized funds