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Journalize the transactions that arise from Safety First Security Systems's bank reconciliation. Included in the bank balance was a collection of $690 on account from
Journalize the transactions that arise from Safety First Security Systems's bank reconciliation. Included in the bank balance was a collection of $690 on account from Ryan Saar, a Safety First customer who pays the bank directly Date each transaction October 31, 2020, and include an explanation with each entry (Click the icon to view the bank reconciliation report.) 8/20/2021 Bank Reconciliation Report Safety First Security Systems Bank Reconciliation October 31, 2020 Bank Books Balance October 31, 2020 3985 Balance October 31, 2020 $ 2.560 Add Add 320 Deposit in transit Bank collection 690 40 4,305 Interest revenue 3.290 Les 06 Outstanding cheques Lass 1080 Service charge 3 225 Adjusted book balance 225 Adjusted bank balance Record the collection of $690 on account. (Record debits first, then credits. Select the explanatic Journal Entry Date Accounts and Explanations Debit Credit Oct. Record the $40 of interest revenue that Safety First earned on its bank balance. Journal Entry Date Accounts and Explanations Debit Cre Choose from any list or enter any number in the input fields and then continue to the
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