Exercise 7.1 (Algo) You as a Student (LO7-3) Assume that the following Information relates to your most recent bank statement dated September 30. 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 recelved 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 $(174). Adding your parents' deposit brought that total to $2,226. Exercise 7.1 (Algo) You as a Student (LO7-3) Assume that the following Information relates to your most recent bank statement dated September 30. 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 recelved 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 $(174). Adding your parents' deposit brought that total to $2,226