Fred White operates a roller skating center. He has just received the monthly bank statement at January 31 from Citizen National Bank, and the statement shows an ending balance of $715. Listed on the statement are an EFT rent collection of $335, service charge of $9, two NSF checks totalling $120, and an $11 charge for printed checks. In reviewing his cash records, White identifies outstanding checks totalling $609 and a January 31 deposit in transit of $1,785. During January, he recorded a $300 check for the salary of a part-time employee as $30. Whites cash account shows a January 31 balance of $1,966. 1. Use the bank reconciliation provided to make the journal entries that White should record on January 31 to update his cash account. Include an explanation for each entry. See whites bank reconciliation data.

19 of 19 (17 complete) A Data Table Fred White Bank Reconciliation January 31, 2014 BANK: Balance, January 31 Add: Deposit in transit 715 1,785 2,500 (609) Less: Outstanding checks $ 1,891 Adjusted bank balance Print Done gLab: Module Four Homework 19 of 19 (17 complete) Data Table BOOKS Balance, January 31 Add: EFT collection - rent $ 1,966 335 2,301 Less: bf: $ 270 Correction of book error NSF checks Charge for printed checks Service charge (410) 1.891 Print Done 19 of 19 (17 complete) Data Table $ Balance, January 31 Add: EFT collection - rent 1,966 335 2,301 $ 270 120 Less: Correction of book error NSF checks Charge for printed checks Service charge Adjusted book balance (410) $ 1,891 Print Done - $ a e Homework: 4-2 My AccountingLab: Module Four H 19 of 19 (17 complete Score: 0 of 8 pts E4-30B (similar to) Fred White operates a roller skating center. He has just received the monthly bank statement at January 31 from Citizen an EFT rent collection of $335, a service charge of $9, two NSF checks totaling $120, and an $11 charge for printed che a January 31 deposit in transit of $1,785. During January, he recorded a $300 check for the salary of a part-time employ E (Click the icon to view the bank reconciliation.) Requirement 1. Use the bank reconciliation provided to make the journal entries that White should record on January 31 to update Date Accounts and Explanations Debit Credit Jan 31 Choose from any list or enter any number in the input fields and then click Check Answer. 3 parts remaining Clear All Type here to search