Question
Assume that the following information relates to your most recent bank statement dated September 30: Balance per bank statement at September 30 $ 3,800 Checks
Assume that the following information relates to your most recent bank statement dated September 30: |
Balance per bank statement at September 30 | $ | 3,800 | ||
Checks written that had not cleared the bank as of September 30: | ||||
#203 | University tuition | $ | 2,400 | |
#205 | University bookstore | 350 | ||
#208 | Rocco's pizza | 25 | ||
#210 | Stereo purchase | 600 | ||
#211 | October apartment rent | 700 | ||
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 $-274. Adding your parents' deposit brought that total to $2,126. |
Prepare a bank reconciliation to determine your correct checking account balance. (Record the transactions in the given order. Input all amounts as positive values. Omit the "$" sign in your response.) |
Balance per bank statement at September 30 | $ | |
(Click to select)Add: Deposit made by your parents on October 2Deduct: Deposit made by your parents on October 2Deduct: Interest earned in SeptemberAdd: Interest earned in SeptemberAdd: Bank's service charge | ||
$ | ||
Outstanding checks: | ||
(Click to select)#205 University bookstore#203 University tuition#210 Stereo purchase#208 Rocco's pizza#211 October apartment rent | ||
(Click to select)#205 University bookstore#208 Rocco's pizza#210 Stereo purchase#211 October apartment rent#203 University tuition | ||
(Click to select)#211 October apartment rent#203 University tuition#205 University bookstore#210 Stereo purchase#208 Rocco's pizza | ||
(Click to select)#211 October apartment rent#208 Rocco's pizza#210 Stereo purchase#203 University tuition#205 University bookstore | ||
(Click to select)#205 University bookstore#210 Stereo purchase#203 University tuition#208 Rocco's pizza#211 October apartment rent | ||
Adjusted cash balance | $ | |
Balance per your checkbook (including $2,400 deposit) | $ | |
(Click to select)Add: Deposit made by your parents on October 2Deduct: Interest earned in SeptemberAdd: Bank's service chargeAdd: Interest earned in SeptemberDeduct: Deposit made by your parents on October 2 | ||
$ | ||
(Click to select)Deduct: Bank's service chargeAdd: Deposit made by your parents on October 2Add: Interest earned in SeptemberDeduct: Interest earned in SeptemberAdd: Bank's service charge | ||
Adjusted cash balance | $ | |
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