Homework: 4-2 MyAccountingLab: Module Four Homework Score: 0 of 8 pts 19 of 19 (17 complete) E4-30B (similar to) HW Score: 68% Questic Jim Root operates a roller skating center. He has just received the monthly bank statement at February 28 from Citizen National Bank, and the statement shows an ending balance of $735. Listed on the statement are an EFT of S310, a service charge of S9, two NSF checks totaling $120, and an $11 charge for printed checks. In reviewing his cash records, Root identifies outstanding checks totaling $605 and a February 28 deposit in transit of $1,79 February, he recorded a $290 check for the salary of a part-time employee as $29. Root's Cash account shows a February 28 balance of $2,011. (Click the icon to view the bank reconciliation.) Requirement 1. Use the bank reconciliation provided to make the journal entries that Root should record on February 28 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 Data Table Date Accounts and Explanations Debit Credit Feb 28 Jim Root Bank Reconciliation February 28, 2014 BANK Balance, February 28 $ 735 1.790 Add: Deposit in transit Less: Outstanding checks 2,525 (605) 1,920 $ Adjusted bank balance BOOKS Balance, February 28 $ 2,011 310 Add: EFT collection - rent 2,321 Less: S 261 Correction of book error NSF checks Charge for printed checks 401) 1,920 Service charge $ Adjusted book balance https://www.chegg.com/homework-help/fundamentals-of-financial-accounting-3rd-edition-solutions-97800774 Print Done