Evan Root operates a bowling alley. He has just received the monthly bank statement at April 30

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Evan Root operates a bowling alley. He has just received the monthly bank statement at April 30 from City National Bank, and the statement shows an ending balance of $565. Listed on the statement are an EFT rent collection of $320, a service charge of $7, two NSF checks totaling $115, and an $11 charge for printed checks. In reviewing his cash records, Root identifies outstanding checks totaling $602 and an April 30 deposit in transit of $1,790. During April, he recorded a $290 check for the salary of a part-time employee as $29. Roots Cash account shows an April 30 cash balance of $1,827. How much cash does Root actually have at April 30?


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Financial accounting

ISBN: 978-0136108863

8th Edition

Authors: Walter T. Harrison, Charles T. Horngren, William Bill Thomas

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