Evan Midas operates a roller skating center. He has just received the monthly bank statement at July 31 from Citizen National Bank, and the statement shows an ending balance of $735. Listed on the statement are an EFT rent collection of $325, a service charge of $10, two NSF checks totaling $125, and an $11 charge for printed checks. In reviewing his cash records, Midas identifies outstanding checks totaling $608 and a July 31 deposit in transit of $1,785. During July, he recorded a $280 check for the salary of a part-time employee as $28. Midas's Cash account shows a July 31 balance of $1,985. (Click the icon to view the bank reconciliation.) Requirement 1. Use the bank reconciliation provided to make the journal entries that Midas should record on July 31 to update his Cash account. Include an explanation for each entry. (Record the transactions in the order they appear on the bank reconciliation. Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Journal Entry Date Accounts and Explanations July 31 Debit Credit