select the correct answer. larry received the bank statement below. checking account statement account…

select the correct answer. larry received the bank statement below. checking account statement account number: 1234 - 1212 checks date check no. amount 9/5 317 $58.29 9/16 319 $75.40 9/25 320 $121.57 other activity date transaction amount 9/11 debit card $33.52 9/15 deposit $250.00 9/30 deposit $250.00 balances opening balance $750.00 closing balance $961.22 larrys checkbook has a balance of $922.63. what is most likely the reason that larrys balance is different from the banks balance? a. larry made a mistake in his addition. b. the bank forgot to include fees. c. larry forgot to write down some deposits. d. check 318 was not cashed or deposited.

select the correct answer. larry received the bank statement below. checking account statement account number: 1234 - 1212 checks date check no. amount 9/5 317 $58.29 9/16 319 $75.40 9/25 320 $121.57 other activity date transaction amount 9/11 debit card $33.52 9/15 deposit $250.00 9/30 deposit $250.00 balances opening balance $750.00 closing balance $961.22 larrys checkbook has a balance of $922.63. what is most likely the reason that larrys balance is different from the banks balance? a. larry made a mistake in his addition. b. the bank forgot to include fees. c. larry forgot to write down some deposits. d. check 318 was not cashed or deposited.

Answer

Brief Explanations:

The bank statement shows all the transactions that the bank is aware of. If Larry's check - book balance is higher than the bank's balance, it is likely that a check (in this case, if check 318 was not cashed or deposited) has been written in the check - book but not yet processed by the bank. Mistakes in addition by Larry would be random and not necessarily lead to a higher balance. The bank statement usually includes fees. If Larry forgot to write down some deposits, his check - book balance would be lower.

Answer:

D. Check 318 was not cashed or deposited.