The Cash account of Safe and Secure Security Systems reported a balance of $2,440 at December...

 

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The Cash account of Safe and Secure Security Systems reported a balance of $2,440 at December 31, 2018. There were outstanding checks totaling $900 and a December 31 deposit in transit of $200. The bank statement, which came from Park Cities Bank, listed the December 31 balance of $3,740. Included in the bank balance was a collection of $610 on account from Sally Jones, a Safe and Secure customer who pays the bank directly. The bank statement also shows a $30 service charge and $20 of interest revenue that Safe and Secure earned on its bank balance. Prepare Safe and Secure's bank reconciliation at December 31. Safe and Secure Security Systems Bank Reconciliation December 31, 2018 Bank: Balance, December 31, 2018 ADD: Deposit in transit LESS: Outstanding checks Adjusted bank balance, December 31, 2018 Book: Balance, December 31, 2018 ADD: Bank collection Interest revenue LESS: Service charge Adjusted book balance, December 31, 2018 900 610 20 20 3740 200 3940 900 3040 2440 630 3070 20 3050 The Cash account of Safe and Secure Security Systems reported a balance of $2,440 at December 31, 2018. There were outstanding checks totaling $900 and a December 31 deposit in transit of $200. The bank statement, which came from Park Cities Bank, listed the December 31 balance of $3,740. Included in the bank balance was a collection of $610 on account from Sally Jones, a Safe and Secure customer who pays the bank directly. The bank statement also shows a $30 service charge and $20 of interest revenue that Safe and Secure earned on its bank balance. Prepare Safe and Secure's bank reconciliation at December 31. Safe and Secure Security Systems Bank Reconciliation December 31, 2018 Bank: Balance, December 31, 2018 ADD: Deposit in transit LESS: Outstanding checks Adjusted bank balance, December 31, 2018 Book: Balance, December 31, 2018 ADD: Bank collection Interest revenue LESS: Service charge Adjusted book balance, December 31, 2018 900 610 20 20 3740 200 3940 900 3040 2440 630 3070 20 3050

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Everything you did is right But the service charge ... View the full answer