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The Cash account of First on Call Security Systems reported a balance of $2,580 at December 31, 2018. There were outstanding chocks totaling $800 and
The Cash account of First on Call Security Systems reported a balance of $2,580 at December 31, 2018. There were outstanding chocks totaling $800 and a December 31 deposit in transit of $300 Cities Bank, listed the December 31 balance of $3,640. Included in the bank balance was a collection of $570 on account from Ryan Saar, 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 Cal's bank reconciliation at December 31 First on Call Security Systems December 31, 2018 Bank Balance, December 31, 2018 ADD LESS: Adjusted bank balance, December 31, 2018 Book: Balance, December 31, 2018 ADD: LESS
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