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Fred Midas operates a roller skating center, Skatetown USA. He has just received the monthly bank statement at November 30 from Stonewall National Bank, and

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Fred Midas operates a roller skating center, Skatetown USA. He has just received the monthly bank statement at November 30 from Stonewall National Bank, and the statement shows an ending balance of $715. Listed on the statement are an EFT rent collection of $300, a service charge of $9, two NSF checks totaling $125, and an $11 charge for printed checks. In reviewing his cash records, Midas identifies outstanding checks totaling $607 and a November 30 deposit in transit of $1,795. During November, he recorded a $250 check for the salary of a part-time employee as $25. Midas's Cash account shows a November 30 balance of $1,973. Requirement 1. How much cash does Midas actually have at November 30, 2016? Prepare the Bank section, then the Book section of the bank reconciliation to determine how much cash Midas actually has at November 30. (Include the balances at November 30 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.) Fred Midas Bank Reconciliation November 30, 2016 Bank: Add: Subtotal Less: 11 MINI Books: Add: Add: Subtotal Less: IT Midas's actual cash balance at November 30 is $

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