Knight operates a roller skating center. He has just received the monthly bank statement at November 30 from Citizen National Bank, and the statement shows an ending balance of $730. Listed on the statement are an EFT rent collection of $335, a service charge of $7, two NSF checks totaling $125, and an $11 charge for printed checks. In reviewing his cash records, Knight identifies outstanding checks totaling $608 and a November 30 deposit in transit of $ 1,790. During November, he recorded a $300 check for the salary of a part-time employee as $ 30. Knight's Cash account shows a November 30 balance of $ 1,990.

Frank Knight operates a roller skating center. He has just received the monthly bank statement at Novermber 30 from Citizen National Bank, and the statement shows an ending balance of $730. Listed on the statenent are an EFT rent collection of $335, a service charge of $7, two NSF checks totaling $125, and an $11 charge for printed checks. In reviewing his cash records, Knight identifies outstanding checks totaling $608 and a November 30 deposit in transit of $1,790. During November, he recorded a $300 check for the salary of a part-time ermplayee as S30. Knight's Cash account shows a November 30 balance of $1,990. (Click the icon to view the bank reconciliation.) Requlrement 1. Use the bank reconciliation provided to make the journal entries that Knight should record on November 30 to update his Cash account. Include an explanation for each entry. Record the transactions in the order they appear on the bank reconcillation. Record deblts first, then crecits. Select the explanation on the last line ot the Journal entry table.) Journal Entry Date Accounts and Explanations Debit Credit Nov 30