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Dean Kippen operates a roller skating center, Turn and Spin USA. He has just received the company's monthly bank statement at May 31 from Washington
Dean Kippen operates a roller skating center, Turn and Spin USA. He has just received the company's monthly bank statement at May 31 from Washington National Bank i(Click the icon to view the bank statement information.) EB (Click the icon to view the bank reconciliation.) X Read the requirement. Bank reconciliation Record the EFT deposit. Bank Reconciliation Journal Entry May 31, 2018 Date Accounts and Explanations Debit Credit Bank: May 31 Balance, May 31 $ 715 1,815 Deposit in transit Add: 2,530 (608) Outstanding checks Less: $ 1,922 Adjusted bank balance Books: 1,942 Balance, May 31 $ 320 Add: EFT collection - rent 2,262 Less Correction of book error $ 207 NSF checks 115 Charge for printed checks 10 (340) Service charge Choose from any list or enter any number in the input fields and then click Check Answer. 1,922 Adjusted book balance
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