The Cash account of

Ranger Corporation had a balance of

$3,560 at October 31, 2021.

Included were outstanding checks totaling $1,700 and an October 31 deposit of $500

that did not appear on the bank statement. The bank statement, which came from Turkay State Bank, listed an October 31 balance of $5,315. Included in the bank balance was an October 30 collection of $600

on account from a customer who pays the bank directly. The bank statement also showed a $21 service charge, $16 of interest revenue that

Ranger earned on its bank balance, and an NSF check for $40. Ranger Corporation's bank reconciliation follows.

Make the company's journal entries for transactions that arise from the bank reconciliation. Date each transaction

October

31, 2021, and include an explanation with each entry. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.)

Record the bank collection.

Journal Entry
Date		Accounts and Explanations	Debit	Credit
2021
Oct	31

Record the interest revenue.

Journal Entry
Date		Accounts and Explanations	Debit	Credit
2021
Oct	31

Record the bank service charge.

Journal Entry
Date		Accounts and Explanations	Debit	Credit
2021
Oct	31

Record the NSF check returned by the bank.

Journal Entry
Date		Accounts and Explanations	Debit	Credit
2021
Oct	31

... he explan ....... Bank reconciliation report Ranger Corp. Bank Reconciliation October 31, 2021 Bank Books Balance, October 31 $ 5,315 Balance, October 31 $ 3,560 Add: Add: Deposit in transit 500 Bank collection 600 16 5,815 Interest revenue 4,176 Less: Less: Outstanding checks (1.700) Service charge (21) (40) (61) $ NSF check 4,115 Adjusted book balance $ 4,115 Adjusted bank balance Print Done Cre