MBA-503-X5923 Financial Reporting & Analysis 19TW5 8/20/19 7:14 AM Bianca Vasquez Homework: 4-2 MyAccountingLab: Module Four Homework Save Score: 0.46 of 8 pts HW Score: 84.92%, 42.46 of 50 pts 19 of 19 (19 complete) E4-30B (similar to) Question Help Evan Midas operates a roller skating center. He has just received the monthly bank statement at April 30 from Citizen National Bank, and the statement shows an ending balance of $710. Listed on the statement are an EFT rent collection of $325, a service charge of $8, two NSF checks printed checks. In reviewing his cash records, Midas identifies outstanding checks totaling $607 and an April 30 deposit in transit of $1,790. During April, he recorded a $280 check for the salary of a part-time employee as $28. Midas's Cash account shows an April 30 balance of $1 totaling $110, and a $10 charge for (Click the icon to view the bank reconciliation.) X Requirement Data Table 1. Use the bank reconciliation provided to make the journal entries that Midas should record on April 30 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.) Evan Midas Journal Entry Bank Reconciliation Accounts and Explanations Debit Credit Date April 30, 2014 Apr 30 BANK: Balance, April 30 710 1,790 Add: Deposit in transit 2,500 (607) Less: Outstanding checks 1,893 Adjusted bank balance BOOKS Balance, April 30 1,948 S 325 EFT collection -rent Add: 2,273 Less: Correction of book error 252 NSF checks 110 Charge for printed checks 10 8 (380) Service charge S 1,893 Adjusted book balance Print Done Choose from any list or enter any number in the input fields and then click Check Answer. parts remaining Clear All Check