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The Cash account of Ranger Security Systems reported a balance of $2,520 at December 31, 2024. There were outstanding checks totaling $1,200 and a
The Cash account of Ranger Security Systems reported a balance of $2,520 at December 31, 2024. There were outstanding checks totaling $1,200 and a December 31 deposit in transit of $300, The bank statement, which came from Park Cities Bank, listed the December 31 balance of $4,040. Included in the bank balance was a collection of $630 on account from Kelly Brooks, a Ranger customer who pays the bank directly. The bank statement also shows a $20 service charge and $10 of interest revenue that Ranger earned on its bank balance. Prepare Ranger's bank reconciliatio at December 31. Bank: Ranger Security Systems Balance, December 31, 2024 ADD: Bank Reconciliation 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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