The Cash account of Ranger Corporation had a balance of $$3,510$ at August $31,2021.$ Included were outstanding checks totaling $$1,800$ and an August $31$ deposit of $$400$ that did not appear on the bank statement. The bank statement, which came from Circle State Bank, listed an August $31$ balance of $$5,502.$ Included in the bank balance was an August $30$ collection of $$641$ on account from a customer who pays the bank directly. The bank statement also showed a $$21$ service charge, $$17$ of interest revenue that Ranger earned on its bank balance, and an NSF check for $$45.$ Ranger Corporation's bank reconciliation follows.

$($Click the icon to view the bank reconciliation report.$)$

Read the requirement.

Make the company's journal entries for transactions that arise from the bank reconciliation. Date each transaction August $31,2021,$ 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

$\backslash$table$[[$Date$,$Accounts and Explanations,Debit,Credit$],[2021,$Accounts Receivable,,$],[$Aug$,31$ Accounts Receivable,,$],[$Cash$,,],[$Cash$,,]]$