The Cash account of

Safety FirstSafety First

Security Systems reported a balance of

$ 2 comma 640$2,640

at

July 31 comma 2014July 31, 2014.

There were outstanding cheques totalling

$ 1 comma 040$1,040

and

aa

July 31July 31

deposit in transit of

$ 300$300.

The bank statement, which came from Royal Bank, listed

aa

July 31July 31

balance of

$ 4 comma 125$4,125.

Included in the bank balance was a collection of

$ 750$750

on account from

Ryan SaarRyan Saar,

a

Safety FirstSafety First

customer who pays the bank directly. The bank statement also shows a

$ 25$25

service charge and

$ 20$20

of interest revenue that

Safety FirstSafety First

earned on its bank balance. Prepare

Safety FirstSafety First's

bank reconciliation at

July 31 comma 2014July 31, 2014.