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 purchase | 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.
We need at least 10 more requests to produce the solution.
0 / 10 have requested this problem solution
The more requests, the faster the answer.