Daryl Swan operates four video rental stores. She has just received the monthly bank statement at October 31, 2019 from Bank of Montreal, and the statement shows an ending balance of $4,180. Listed on the statement are an EFT rent collection by the bank for Swan of $150, a service charge of $15, four NSF cheques totalling $100, and a $20 charge for printed cheques. In reviewing her cash records, Swan identifies outstanding cheques totalling $306 and an October 31 deposit in transit of $1,002. During October she recorded a $315 cheque for the salary of a part-time employee as $31. Swans Cash account shows an October 31 cash balance of $5,145.By using the data from above, make the following journal entries that Swan should record on October 31 to update her Cash account. (6 marks) To account for the EFT collection of rent To account for NSF cheques returned by the bank. To correct the error in recording the salary of the part-time employee.

2. By using the data from above, make the following journal entries that Swan should record on October 31 to update her Cash account. (6 marks)

1. To account for the EFT collection of rent

Oct. 31	Accounts	Debit	Credit

2. To account for NSF cheques returned by the bank.

Oct. 31	Accounts	Debit	Credit

3. To correct the error in recording the salary of the part-time employee.

Oct. 31	Accounts	Debit	Credit