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I just need some help on this please! I will rate! Many thanks and God bless! S7-9 (similar to) Question Help The Cash account of
I just need some help on this please!
I will rate!
Many thanks and God bless!
S7-9 (similar to) Question Help The Cash account of Ranger Security Systems reported a balance of $2,420 at December 31, 2018. There were outstanding checks totaling $1,500 and a December 31 deposit in transit of $200. The bank statement, which came from Tri Cities Bank, listed the December 31 balance of $4,370. Included in the bank balance was a collection of $660 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. Prepare Ranger's bank reconciliation at December 31. Ranger Security Systems Bank Reconciliation December 31, 2018 Bank: Balance, December 31, 2018 ADD: Deposit in transit LESS: Outstanding checks Adjusted bank balance, December 31, 2018 Book: Balance, December 31, 2018 ADD: Bank collection Interest revenue I INI LESS: Service charge Adjusted book balance, December 31, 2018 Choose from any list or enter any number in the input fields and then click Check Answer. ? All parts showing Clear All CheckStep by Step Solution
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