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The Cash account of Guard Dog Security Systems reported a balance of $2440 at 31 May. There were outstanding cheques totalling $1800 and a 31
The Cash account of Guard Dog Security Systems reported a balance of $2440 at 31 May. There were outstanding cheques totalling $1800 and a 31 May deposit in transit of $200. The bank statement, which came from Tri City Bank, listed the 31 May balance of $4680. Included in the bank balance was a collection of $650 on account from Kelly Brooks, a Guard Dog customer who pays the bank directly. The bank statement also shows a $20 service charge and $10 of interest revenue that Guard Dog earned on its bank balance. Prepare Guard Dog's bank reconciliation at 31 May
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