$8-7 Preparing a bank reconciliation The Cash account of Ranger Security Systems reported a balance of $2480 at 31 May. There were outstanding cheques totalling $900 and a 31 May deposit in transit of $200. The bank statement, which came from CitiPark Bank, listed a 31 May balance of $3800. Included in the bank balance was a collection of $630 on account from Kelly Brooks, a Ranger customer who pays the bank directly. The bank statement also shows a $20 service charge and $10 of interest revenue that Ranger earned on its bank balance. Requirement Prepare Ranger's bank reconciliation at 31 May