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The Cash account of Queen City Security Systems reported a balance of $2,390 at December 31, 2024. There were outstanding checks totaling $1,500 and
The Cash account of Queen City Security Systems reported a balance of $2,390 at December 31, 2024. There were outstanding checks totaling $1,500 and a December 31 deposit in transit of $400. The bank statement, which came from Tri Cities Bank, listed the December 31 balance of $4,160. Included in the bank balance was a collection of $680 on account from Carol Lajoy, a Queen City customer who pays the bank directly. The bank statement also shows a $30 service charge and $20 of interest revenue that Queen City earned on its bank balance. Prepare Queen City's bank reconciliation at December 31. Queen City Security Systems Bank Reconciliation Bank: Balance, December 31, 2024 ADD: December 31, 2024 LESS: Adjusted bank balance, December 31, 2024 Book: Balance, December 31, 2024 . ADD: LESS: Adjusted book balance, December 31, 2024
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