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The Cash account of Let's Be Safe Security Systems reported a balance of $2,173 at December 31, 2020. There were outstanding checks totaling $1,719 and
The Cash account of Let's Be Safe Security Systems reported a balance of $2,173 at December 31, 2020. There were outstanding checks totaling $1,719 and a December 31 deposit in transit of $294. The bank statement, which came from Hometown Bank listed the December 31 balance as $4,183. Included in the bank balance was collection from a customer, James Mendez, who pays his account directly to the bank in the amount of $617. The bank statement also shows a service charge for $39 and interest revenue earned of $7 on the bank balance of Let's Be Safe Security Systems. Complete the bank reconciliation for Let's Be Safe Security Systems on December 31. ADD: SUBTRACT: Adjusted Balance CHECKBOOK (COMPANY)
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