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Dean White operates a roller skating center, Rinkland USA. He has just received the monthly bank statement at March 31 from Peoples National Bank, and
Dean White operates a roller skating center, Rinkland USA. He has just received the monthly bank statement at March 31 from Peoples National Bank, and the statement shows an ending balance of $740. Listed on the statement are an EFT rent collection of $320, a service charge of $8, two NSF checks totaling $110, and a $10 charge for printed checks. In reviewing his cash records, White identifies outstanding checks totaling $610 and a March 31 deposit in transit of $1,790. During March, he recorded a S280 check for the salary of a part-time employee as $28. White's Cash account shows a March 31 balance of $1,980. Requirement 1. How much cash does White actually have at March 31, 2016? Prepare the Bank section, then the Book section of the bank reconciliation to determine how much cash White actually has at March 3 nclude the balances at March 31 in each of the addition subtotal calculations. If a box is not used in the table leave the box empty; do not select a label or enter a zero.) Dean White Bank Reconciliation March 31, 2016 Bank: Add Less
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