Eliza Savage's bank statement balance of $324.18 as of January 18 and her checkbook balance of $487.38 as of January 29 indicate a discrepancy. This could be due to outstanding checks that have not yet cleared the bank. To reconcile the balances, Eliza should compare the transactions recorded in her checkbook with those reflected in the bank statement, taking note of any outstanding checks or deposits that may explain the difference. By adjusting for these outstanding transactions, she can reconcile the balances and ensure the accuracy of her financial records.
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