Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The Cash account of Queen City Security Systems reported a balance of $2,560 at December 31, 2024. There were outstanding checks totaling $1,600 and a

image text in transcribed
image text in transcribed
image text in transcribed
The Cash account of Queen City Security Systems reported a balance of \$2,560 at December 31, 2024. There were outstanding checks totaling $1,600 and a December 31 deposit in transit of $300. The bank statement, which came from Park Cities Bank, listed the December 31 balance of $4,520. Included in the bank balance was a collection of $670 on account from Kelly Brooks, a Queen City customer who pays the bank dirocty. The bank statement also shows a $30 service charge and $20 of interest rovenue that Queen City earned on its bank balance. Propare Queen City's bank. reconcliation at Docember 31 . Queen City Security Systems Bank Reconciliation December 31, 2024 Bank: Balance, December 31, 2024 ADD: LESS: Adjusted bank balance, December 31, 2024 Rnok LESS: Adjusted bank balance, December 31, 2024 Book: Balance, December 31, 2024 ADD: LESS: Adjusted book balance, December 31, 2024

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Audit To Love

Authors: Jezabel Lima

1st Edition

B0C2SG8JS7, 979-8988078807

More Books

Students also viewed these Accounting questions

Question

Do you think physicians should have unions? Why or why not?

Answered: 1 week ago