Harry Midas operates a roller skating center. He has just received the monthly bank statement at December 31 from Citizen National Bank, and the statement shows an ending balance of $710. Listed on the statement are an EFT rent collection of $330, a service charge of $9, two NSF checks totaling $120, and an $11 charge for printed checks. In reviewing his cash records, Midas identifies outstanding checks totaling $605 and a December 31 deposit in transit of $1,790. During December, he recorded a $290 check for the salary of a part-time employee as $29. Midas's Cash account shows a December 31 balance of $1,966. PP: (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 December 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 Accounts and Explanations Debit Credit Date Dec 31 Harry Midas operates a roller skating center. He has just received the monthly bank statement at December 31 from Citizen National Bank, and the statement shows an ending balance of $710. Listed on the statement are an EFT rent collection of $330, a service charge of $9, two NSF checks totaling $120, and an $11 charge for printed checks. In reviewing his cash records, Midas identifies outstanding checks totaling $605 and a December 31 deposit in transit of $1,790. During December, he recorded a $290 check for the salary of a part-time employee as $29. Midas's Cash account shows a December 31 balance of $1,966. PP: (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 December 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 Accounts and Explanations Debit Credit Date Dec 31