Answer:
To calculate the reconciled balance, we need to consider the adjustments in the bank statement.
Starting with the current checkbook balance of $34,509, we need to make the following adjustments:
1. Deduct the outstanding check of $3,988.33: $34,509 - $3,988.33 = $30,520.67
2. Add the deposit in transit of $6,821.11: $30,520.67 + $6,821.11 = $37,341.78
3. Deduct the Non-Sufficient Funds (NSF) charge of $110.11: $37,341.78 - $110.11 = $37,231.67
4. Add the interest earned of $1,333.88: $37,231.67 + $1,333.88 = $38,565.55
Therefore, the reconciled balance is $38,565.55.