Chapter 4, Problem 1CS2

To determine

The step to be taken by Kara to rectify her bank statement when she finds her ending balance as only $506.18 which is less than she thought she had; where the bank statement is as follows:

$\begin{array}{ccccc}\text{ Date }& \text{ Transaction }& \text{ Total Deposits }& \text{ Total Checks }& \text{Ending Balance}\\ 9/1& \text{Deposit}& 2,475.00& & \\ 9/7& 1001& & 110.00& 2365.00\\ 9/7& 1000& & 900.00& 1465.00\\ 9/14& 1003& & 156.00& 1309.00\\ 9/14& 1002& & 29.49& 1279.51\\ 9/20& \text{Deposit}& 336.19& & 1615.70\\ 9/24& \text{Debit}& & 93.50& 1522.20\\ 9/24& \text{Debit}& & 25.75& 1496.45\\ 9/24& \text{Debit}& & 4.79& 1491.66\\ 9/25& 1005& & 900.00& 591.66\\ 9/25& \text{Service Charge}& & 3.00& 588.66\\ 9/25& \text{Check printing}& & 82.48& 506.18\end{array}$

And Kara’s checkbook statement is as follows:

$\begin{array}{cccccc}\text{ Check\# }& \text{ Date }& \text{ Pay to }& \text{ Memo }& \text{ Amount }& \text{ Balance }\\ \text{Deposit}& \text{9/1}& \text{Deposit}& \text{Business Loan}& \text{\$2475}& \text{\$2475}\\ \text{1000}& \text{9/1}& \text{Stephens Properties}& \text{Sept}\text{. Studio Rent}& \text{\$900}& \text{\$1575}\\ \text{1001}& \text{9/5}& \text{Renae Peterson}& \text{Refund}& \text{\$110}& \text{\$1685}\\ \text{1002}& \text{910}& \text{Garnett Newspapers}& \text{Ad Bill}& \text{\$29}\text{.49}& \text{\$1655}\text{.51}\\ \text{1003}& \text{9/12}& \text{Liturgical Publications}& \text{Ad Bill}& \text{\$156}& \text{\$1499}\text{.51}\\ \text{Deposit}& \text{9/20}& \text{Deposit}& \text{Students}& \text{\$336}\text{.19}& \text{\$1835}\text{.70}\\ \text{1004}& \text{9/21}& \text{Wisconsin Dance}& \text{Repay loan to Kara}& \text{\$133}\text{.62}& \text{\$1702}\text{.08}\\ \text{1005}& \text{9/22}& \text{Stephens Properties}& \text{Oct}\text{. Studio Rent}& \text{\$900}& \text{\$802}\text{.08}\\ \text{Deposit}& \text{9/23}& \text{Pom Express}& \text{Poms}& \text{\$39}\text{.50}& \text{\$762}\text{.58}\\ \text{Deposit}& \text{9/23}& \text{Gas}& \text{Gas}& \text{\$25}\text{.75}& \text{\$736}\text{.83}\\ \text{Debit Card}& \text{9/27}& \text{Deposit}& \text{Students}& \text{\$319}\text{.71}& \text{\$1056}\text{.45}\\ \text{Debit Card}& \text{9/29}& \text{Deposit}& \text{Studio Rental Fee}& \text{\$200}& \text{\$1256}\text{.54}\\ \text{1006}& \text{9/30}& \text{VOID}& \text{Mistake}& \text{\$}& \text{\$1256}\text{.54}\\ \text{1007}& \text{9/30}& \text{Cintas Fire Produtions}& \text{Extuingisher Replace}& \text{\$36}\text{.93}& \text{\$1291}\text{.61}\\ \text{1008}& \text{9/30}& \text{Besberg Realty}& \text{October Rent}& \text{\$570}& \text{\$649}\text{.61}\end{array}$