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The Cash account of Snug as a Bug Security Systems reported a balance of $2,510 at December 31,2025 . There were outstanding checks totaling $1,500
The Cash account of Snug as a Bug Security Systems reported a balance of $2,510 at December 31,2025 . There were outstanding checks totaling $1,500 and a December 31 deposit in transit of 300. The bank statement, which came from Tri Cities Bank, listed the December 31 balance of $4,280. Included in the bank balance was a collection of $580 on account from Sally Jones, a Snug as a Bug Security Systems customer who pays the bank directly. The bank statement also shows a $30 service charge and $20 of interest revenue that Snug as a Bug Security System earned on its bank balance. Prepare Snug as a Bug Security System's bank reconciliation at December 31
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