Dean Farmsdale operates a roller skating center, Whirl Around USA. He has just received the company's monthly bank statement at August 31 from Frederick National Bank. (Click the icon to view the bank statement information.) (Click the icon to view the bank reconciliation.) Read the requirement. The statement shows an ending balance of $735. Listed on the statement are an EFT rent collection of $300, a service charge of $10, two NSF checks totaling $95, and an $11 charge for printed checks. In reviewing his cash records, Farmsdale identifies outstanding checks totaling $613 and an August 31 deposit in transit of $1,815. During August, he recorded a $290 check for the salary of a part-time employee as \$29. Farmsdale's Cash account shows an August 31 cash balance of $2,014. Bank reconciliation Requirement 1. Use the bank reconciliation provided to make the journal entries that Farmsdale should record on August 31 to update his Cash account. Include an explanation for each entry. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Record the EFT deposit. Darnrd the correction of the book error. Record the NSF checks returned by the bank