Reference no: EM131565283

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 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 purchases 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.