Brett

Brett Midas

Midas Corporation operates four bowling alleys. The business just received the October

October 31

31, 2018

2018, bank statement from City NationalBank, and the statement shows an ending balance of $ 900

$900. Listed on the statement are an EFT rent collection of $ 405

$405, a service charge of $ 5

$5, NSF checks totaling $ 55

$55, and a $ 25

$25 charge for printed checks. In reviewing the cashrecords, the business identified outstanding checks totaling $ 450

$450 and a deposit in transit of $ 1 comma 765

$1,765. During October

October, the business recorded a $ 310

$310 check by debiting Salaries Expense and crediting Cash for $ 31

$31. Thebusiness's Cash account shows an October

October 31

31 balance of $ 2 comma 174

$2,174.