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Homework: CH7 Homework Save Score: 0 of 100 pts 1 of 1 (1 complete) HW Score: 0%, 0 of 100 pts X SF7-9 (similar to)

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Homework: CH7 Homework Save Score: 0 of 100 pts 1 of 1 (1 complete) HW Score: 0%, 0 of 100 pts X SF7-9 (similar to) Question Help The Cash account of First on Call Security Systems reported a balance of $2,510 at December 31, 2024. There were outstanding checks totaling $400 and a December 31 deposit in transit of $200. The bank statement, which came from Tri Cities Bank, listed the December 31 balance of $3,220. Included in the bank balance was a collection of $520 on account from Jane Lindsey, a First on Call customer who pays the bank directly. The bank statement also shows a $20 service charge and $10 of interest revenue that First on Call earned on its bank balance. Prepare First on Call's bank reconciliation at December 31. First on Call Security Systems Bank Reconciliation December 31, 2024 Bank: Balance, December 31, 2024 $ 3,220 200 ADD Deposit in transit 3,420 400 $ 400 LESS: Outstanding checks $ 3.020 Adjusted bank balance, December 31, 2024 Book: Balance, December 31, 2024 ADD Bank collection Interest revenue LESS: Service charge Adjusted book balance, December 31, 2024

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