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Brett Knight operates a roller skating center, Roll Around USA. He has just received the company's monthly bank statement at July 31 from Peoples National
Brett Knight operates a roller skating center, Roll Around USA. He has just received the company's monthly bank statement at July 31 from Peoples National Bank, and the statement shows an ending balance of $740. Listed on the statement are an EFT rent collection of $330, a service charge of $8, two NSF checks totaling $115, and a $9 charge for printed checks. In reviewing his cash records, Knight identifies outstanding checks totaling $605 and a July 31 deposit in transit of $1,805. During July, he recorded a $280 check for the salary of a part-time employee as $28. Knight's Cash account shows a July 31 cash balance of $1,994. Read the requirement. Prepare the Bank section, then the Book section of the bank reconciliation to determine how much cash Knight actually has at July 31 . (Include the balances at July 31 in each of the addition subtota calculations. If an input field is not used in the table leave the field empty; do not select a label or enter a zero.)
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