 In this discussion, we will discuss the discussion question of describe outstanding items as it relates to bank reconciliations. So when talking about outstanding items, we are talking about them in relation to a bank reconciliation. So we may first want to start there. We may first want to start with what is a bank reconciliation. And remember the bank reconciliation is going to be the process of reconciling what is on a bank statement, the document from the bank recording the activity for a month's time period, and what is on the books for that same point in time. So the bank statement is going to be for as of the end of the month, let's say the end of December 1231. And then we're going to have our information on the books as of the end of December for the checking account. And those two amounts of course will not be in balance. You would think they would, but they're never going to be in balance even if it was a perfect system, unless there was no outstanding item. Because