Accounting and Finance Foundations

Unit 3

Accounting and Finance Foundations Unit 3: The Role of Money 241

Open-Response Unit Assessment S/T Guide

C. After completing Kyler’s check register and reconciling his account, write a short letter to Kyler.

In the letter, explain the steps that you followed to fill out his register and reconcile his account.

Bank Reconciliation Form

Outstanding Withdrawals

Date Detail Amount

_______ _______ _______

_______ _______ _______

_______ _______ _______

_______ _______ _______

_______ _______ _______

TOTAL Outstanding Withdrawals (B) _________

Outstanding Deposits

Date Detail Amount

_______ _______ _______

_______ _______ _______

_______ _______ _______

_______ _______ _______

_______ _______ _______

TOTAL Outstanding Deposits (D) ___________

(A) Ending Bank Statement Balance __________

(B) TOTAL Outstanding Withdrawals __________

(C) Line (A) - Line (B) __________

(D) TOTAL Outstanding Deposits __________

(E) Adjusted Ending Balance __________

Line (C) + Line (D)

Line (E) should match the ending balance on your

check register.

Name: _______________________________________________________________ Date: _________________

Tasks (cont’d)