Mark Knight operates a roller skating center, Whirl Around USA. He has just received the company's monthly bank statement at June 30 from Peoples National Bank, and the statement shows an ending balance of $715. Listed on the statement are an EFT rent collection of $320, a service charge of $10, two NSF checks totaling $70, and an $11 charge for printed checks. In reviewing his cash records, Knight identifies outstanding checks totaling $611 and a June 30 deposit in transit of $1,780. During June, he recorded a $260 check for the salary of a part-time employee as $26. Knight's Cash account shows a June 30 cash balance of $1,889. Read the requirement. Prepare the Bank section, then the Book section of the bank reconciliation to determine how much cash Knight actually has at June 30. (Include the balances at June 30 in each of the addition subtotal calculations. If a box is not used in the table leave the box empty; do not select a label or enter a zero.) Whirl Around USA Bank Reconciliation June 30, 2018 Bank: Balance, June 30, 2018 715 Add: 1780 Deposit in transit Subtotal 2495 611 Less: Outstanding checks 1884 Adjusted bank balance, June 30, 2018 Books: Mark Knight operates a roller skating center, Whirl Around USA. He has just received the company's monthly bank statement at June 30 from Peoples National Bank, and the statement shows an ending balance of $715. Listed on the statement are an EFT rent collection of $320, a service charge of $10, two NSF checks totaling $70, and an $11 charge for printed checks. In reviewing his cash records, Knight identifies outstanding checks totaling $611 and a June 30 deposit in transit of $1,780. During June, he recorded a $260 check for the salary of a part-time employee as $26. Knight's Cash account shows a June 30 cash balance of $1,889. Read the requirement. Prepare the Bank June 30. (Include box empty; do not Kainbat actually has at table leave the X i Requirement 1. How much cash does Knight actually have at June 30, 2018? Bank: Print Done Balance, J 1780 Add: Deposit in transit Subtotal 2495 611 Less: Outstanding checks 1884 Adjusted bank balance, June 30, 2018 Books: Mark Knight operates a roller skating center, Whirl Around USA. He has just received the company's monthly bank statement at June 30 from Peoples National Bank, and the statement shows an ending balance of $715. Listed on the statement are an EFT rent collection of $320, a service charge of $10, two NSF checks totaling $70, and an $11 charge for printed checks. In reviewing his cash records, Knight identifies outstanding checks totaling $611 and a June 30 deposit in transit of $1,780. During June, he recorded a $260 check for the salary of a part-time employee as $26. Knight's Cash account shows a June 30 cash balance of $1,889. Read the requirement 1884 Adjusted bank balance, June 30, 2018 Books: Balance, June 30, 2018 1,889 Add: EFT collection - rent 320 Subtotal 2209 Less: Service charge 10 NSF checks 70 Charge for printed checks 11 Correction of book error Adjusted book balance, June 30, 2018 Knight's actual cash balance at June 30 is $
