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The Cash account of Safety Security Systems reported a balance of $2.490 at December 31, 2024 There were outstanding checks totaling $200 and a
The Cash account of Safety Security Systems reported a balance of $2.490 at December 31, 2024 There were outstanding checks totaling $200 and a December 31 deposit in transit of $100. The bank statement, which came from Tri Cities Bank, listed the December 31 balance of $3,150 Included in the bank balance was a collection of $570 on account from Dan Murray, a Safety customer who pays the bank directly The bank statement also shows a $30 service charge and $20 of interest revenue that Safety earned on its bank balance. Prepare Safety's bank reconciliation at December 31.
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