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The Cash account of Ranger Corporation had a balance of $3,500 at August 31, 2018. Included were outstanding checks totaling $1,800 and an August 31

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The Cash account of Ranger Corporation had a balance of $3,500 at August 31, 2018. Included were outstanding checks totaling $1,800 and an August 31 deposit of $500 that did not appear on the bank statement. The bank statement, which came from Evergreen State Bank, listed an August 31 balance of $5,381. Included in the bank balance was an August 30 collection of $615 on account from a customer who pays the bank directly. The bank statement also showed a $23 service charge, $19 of interest revenue that Ranger earned on its bank balance, and an NSF check for $30. Read the requirement. Prepare a bank reconciliation to determine how much cash Ranger actually had at August 31. (Include the balances at August 31 in each of the addition subtotal calculations.) Ranger Corp. Bank Reconciliation August 31, 2018 Bank Books Balance, August 31 Balance, August 31 Add: Add Subtotal Subtotal Less: Less: Adjusted bank balance Adjusted book balance Ranger has cash of at August 31

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