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 are as follows. #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.