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Journalize the transactions that arise from Safe and Secure Security Systems's bank reconciliation. Included in the bank balance was a collection of $670 on account
Journalize the transactions that arise from Safe and Secure Security Systems's bank reconciliation. Included in the bank balance was a collection of $670 on account from Wayne Brown, a Safe and Secure customer who pays the bank directly. Date each transaction December 31, 2020, and include an explanation with each entry.
Journalize the transactions that arise from Safe and Secure Security Systems's bank reconciliation. Included in the bank balance was a collection of $670 on account from Wayne Brown, a Safe and Secure customer who pays the bank directly. Date each transaction December 31, 2020, and include an explanation with each entry (Click the icon to view the bank reconciliation report.) Record the collection of $670 on account. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Journal Entry Date Accounts and Explanations Debit Credit Bank Reconciliation Report - X Dec Safe and Secure Security Systems Bank Reconciliation December 31, 2020 Record the $45 of interest revenue that Safe and Secure earned on its bank balance Bank Books Journal Entry Balance, December 31, 2020 $ 2,640 Date Accounts and Explanations Debit Credit Add: 3,900 Balance, December 31, 2020 $ Add: 380 Bank collection Dec Deposit in transit 670 4,280 45 Interest revenue 3,355 Less: 55 Outstanding cheques Less: 980 Service charge 3,300 Adjusted book balance Record the $55 service charge $ $ 3.300 Adjusted bank balance Journal Entry Date Accounts and Explanations Debit Credit Print Done Dec. Choose from any list or enter any number in the input fields and then continue to the nextStep by Step Solution
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