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The part of the bank statement that shows all of your day-to-day transactions in chronological order is the
check register
debits
daily balance summary
debits
in transit
identify the transactions transit
add the credits in transit to the ending balance on the statement
subtract the debits in transit to the ending balance on the statement
Deposits or withdrawals that have not yet been posted by the bank are called
check register
debits
daily balance summary
debits
in transit
identify the transactions transit
add the credits in transit to the ending balance on the statement
subtract the debits in transit to the ending balance on the statement
Transactions like deposits and interest earned are recorded as
check register
debits
daily balance summary
debits
in transit
identify the transactions transit
add the credits in transit to the ending balance on the statement
subtract the debits in transit to the ending balance on the statement
Step two in reconciling a bank statement that doesn't match your personal records is to
check register
debits
daily balance summary
debits
in transit
identify the transactions transit
add the credits in transit to the ending balance on the statement
subtract the debits in transit to the ending balance on the statement
Step one in reconciling a bank statement that doesn't match your personal records is to
check register
debits
daily balance summary
debits
in transit
identify the transactions transit
add the credits in transit to the ending balance on the statement
subtract the debits in transit to the ending balance on the statement
Step three in reconciling a bank statement that doesn't match your personal records is to
check register
debits
daily balance summary
debits
in transit
identify the transactions transit
add the credits in transit to the ending balance on the statement
subtract the debits in transit to the ending balance on the statement
You can record your financial transactions at home in a
check register
debits
daily balance summary
debits
in transit
identify the transactions transit
add the credits in transit to the ending balance on the statement
subtract the debits in transit to the ending balance on the statement
Transactions like ATM withdrawals and checks written are recorded in your check register as
check register
debits
daily balance summary
debits
in transit
identify the transactions transit
add the credits in transit to the ending balance on the statement
subtract the debits in transit to the ending balance on the statement
Check it!