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  1. business
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  3. assume that the following information relates to y

Assume that the following information relates to your most recent bank statement dated September 30...

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Accounting

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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 $731. Adding your parents' deposit brought that total to $3,131. Prepare a bank reconcillation to determine your correct checking account balance

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