Question
Assume that the following information relates to your most recent bank statement dated September 30. Balance per bank statement at September 30 $ 3,400 Checks
Assume that the following information relates to your most recent bank statement dated September 30.
Balance per bank statement at September 30 | $ | 3,400 | ||
Checks written that had not cleared the bank as of September 30. | ||||
#203 | University tuition | $ | 2,200 | |
#205 | University bookstore | 350 | ||
#208 | Rocco's Pizza | 20 | ||
#210 | Stereo purchase | 500 | ||
#211 | October apartment rent | 600 | ||
Interest amounting to $4 was credited to your account by the bank in September. The banks service charge for the month was $5. In addition to your bank statement, you received a letter from your parents informing you that they had made a $2,400 electronic funds transfer directly into your account on October 2. After reading your parents' letter, you looked in your checkbook and discovered its balance was $(269). Adding your parents' deposit brought that total to $2,131.
Prepare a bank reconciliation to determine your correct checking account balance.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started