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The Cash account of Safe and Secure Security Systems reported a balance: The Cash account of Safe and Secure Security Systems reported a balance of
The Cash account of Safe and Secure Security Systems reported a balance:
The Cash account of Safe and Secure Security Systems reported a balance of $2,420 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 Tri Cities Bank, listed the December 31 balance of $3,810. Included in the bank balance was a collection of $500 on account from Sally Jones, a Safe and Secure customer who pays the bank directly. The bank statement also shows a $20 service charge and $10 of interest revenue that Safe and Secure earned on its bank balance. Prepare Safe and Secure's bank reconciliation at December 31 . Bank Reconciliation December 31,2024 Bank: Balance, December 31, 2024 ADD: LESS: Adjusted bank balance, December 31, 2024 Book: Balance, December 31, 2024 ADD: LESS: Adjusted book balance, December 31, 2024 The Cash account of Safe and Secure Security Systems reported a balance of $2,420 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 Tri Cities Bank, listed the December 31 balance of $3,810. Included in the bank balance was a collection of $500 on account from Sally Jones, a Safe and Secure customer who pays the bank directly. The bank statement also shows a $20 service charge and $10 of interest revenue that Safe and Secure earned on its bank balance. Prepare Safe and Secure's bank reconciliation at December 31 . Bank Reconciliation December 31,2024 Bank: Balance, December 31, 2024 ADD: LESS: Adjusted bank balance, December 31, 2024 Book: Balance, December 31, 2024 ADD: LESS: Adjusted book balance, December 31, 2024 Step by Step Solution
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