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The Cash account of First on Alert Security Systems reported a balance of $2,390 at December 31,2024 . There were outstanding checks totaling $1,900 and
The Cash account of First on Alert Security Systems reported a balance of $2,390 at December 31,2024 . There were outstanding checks totaling $1,900 and a December 31 deposit in transit of $200. The bank statement, which came from Park Cities Bank, listed the December 31 balance of $4,660. Included in the bank balance was a collection of $580 on account from Wayne Brown, a First on Alert customer who pays the bank directly. The bank statement also shows a $20 service charge and $10 of interest revenue that First on Alert earned on its bank balance. Prepare First on Alert's bank reconciliation at December 31
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