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 written that
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 $1,500
#205 university bookstore 350
#208 rocco's pizza 25
#210 stereo purchsase 425
#211 october apartment rent 500
Interest amounting to $4 was credited to your account by the bank in september. the bank's 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 $601. adding your parents' deposit brought that total to $3,001. prepare a bank reconciliation to determine your correct checking account balance. Explain why neither your bank statement nor your checkbook shows this amount.
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