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Harry Root opcranes a roller skating center. He has just received the monthly bank statement at June 30 from Chizen Nasional Bank, and the statement
Harry Root opcranes a roller skating center. He has just received the monthly bank statement at June 30 from Chizen Nasional Bank, and the statement shows an ending balance of $710. Listed on the statement are an EFT rent collection of $310, a service charge of $7, two NSF checks totaling $100, and an $9 charge for printed checks. In reviewing his cash records, Root identifies outstanding checks totalrg S610 and a June 30 deposit in transit of $1,778. During June, he recorded a $300 check for the salary of a part time employee as $30. Root's Cash account shows a June 30 balance of $1,900. Cick the icon to view the bank reconciliation.) Requirement 1. Use the bank reconciliation provided to make the oumal entries that Roat should record on June 30 ta update his Cash account. Include an explanation for each entry Data Table (Record the transion in the order they appear on the bank reconciliation Record debits first the credits Select the explanation on the last line of the journal entry Isle Journal Entry Accounts and Explanations Debit Credit Date June 30 Harry Rood Bank Reconciliation June 30, 2014 BANK Balance, June 20 $ Add: Deposit in transit 1.775 2.45 16101 $ 1.875 Outstanding chacks Adjusted bark blande BOOKS Balance, June 30 S 1.850 210 Add: EFT collection rent 2,260 LAS s 270 100 . Correction of book error NSF checks Charge for primed chocks Service charge Adjusted book balance 7 (35) S 1,875 Print Done Choose from any list or enter any number in the input fields and then cick Check
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