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 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	$

Answer 1

Balance per bank statement at September 30	$3,800
Add: Deposit made by your parents on October 2	$2,400
		$6,200
Deduct : Outstanding checks
#203 University tuition	$2,400
#205 University bookstore	$350
#208 Rocco's pizza	$25
#210 Stereo purchase	$600
#211 October apartment rent	$700
		$4,075
Adjusted cash balance ($6,200 - $2,125)		$2,125
Balance per your checkbook (including $2,400 deposit)	$2,126
Add: Interest earned in September	$4
		$2,130
Deduct: Bank's service charge		$5
Adjusted cash balance	$2,125