Reference no: EM131620989

Question: During his first year in college, Mark Sutherland opened a checking account at the First National Bank of Arlington, Texas. His account does not have a minimum balance requirement, but he does pay a monthly service charge of $3.00. 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 register. The bank statement and Mark's check register are summarized below

1. What are the steps Mark needs to include when reconciling his account register with the bank's statement?

2. Reconcile Mark's register with the bank statement using the steps listed in the previous answer.

3. Why are there differences between Mark's records and the bank's statement? What could Mark do during the next month to make the month-end reconciliation easier?