Reference no: EM132641276

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.

#203University tuition$1,500

#205University bookstore 350

#208Rocco's Pizza 25

#210Stereo purchase 425

#211October 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.

Problem 1: Prepare a bank reconciliation to determine your correct checking account balance.