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Evan Neal operates a roller skating center, Fun on Wheels USA. He has just received the company's monthly bank statement at August 31 from Peoples
Evan Neal operates a roller skating center, Fun on Wheels USA. He has just received the company's monthly bank statement at August 31 from Peoples National Bank, and the statement shows an ending balance of $740. Listed on the statement are an EFT rent collection of $285, a service charge of $8, two NSF checks totaling $95, and a $9 charge for printed checks. In reviewing his cash records, Neal identifies outstanding checks totaling $608 and an August 31 deposit in transit of $1,815. During August, he recorded a $270 check for the salary of a part-time employee as $27. Neal's Cash account shows an August 31 cash balance of $2,017. Read the requirement. Bank Reconciliation August 31, 2021 Bank: Balance, August 31, 2021 Add: Deposit in transit Subtotal Less: Outstanding checks Adjusted bank balance. August 31, 2021 Adjusted Dank Dalance, August 31, 2U1 Books: Add: Subtotal Less: Service charge NSF checks Service charge Subtotal Less: Service charge NSF checks Service charge NSF checks Adjusted book balance. August 31,2021 Neal's actual cash balance at August 31 is
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