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Old MathJax webview Mark Knight Company operates four bowling alleys. The business just received the October 31, 2018, bank statement from City National Bank, and
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Mark Knight Company operates four bowling alleys. The business just received the October 31, 2018, bank statement from City National Bank, and the statement shows an ending balance of $900. Listed on the statement are an EFT rent collection of $435, a service charge of $10, NSF checks totaling $45, and a $22 charge for printed checks. In reviewing the cash records, the business identified outstanding checks totaling $465 and a deposit in transit of $1,780. During October, the business recorded a $330 check by debiting Salaries Expense and crediting Cash for $33. The business's Cash account shows an October 31 balance of $2,154 Mark Knight Company Bank Reconciliation October 31, 2018 Bank: Balance, October 31, 2018 ADD: Deposit in transit TIT LESS: Outstanding checks Adjusted bank balance. October 31, 2018 Books: Balance. October 31, 2018 Adjusted bank balance, October 31, 2018 Books: Balance. October 31, 2018 THI ADD: LESS MI Mark Knight Company operates four bowling alleys. The business just received the October 31, 2018, bank statement from City National Bank, and the statement shows an ending balance of $900. Listed on the statement are an EFT rent collection of $435, a service charge of $10, NSF checks totaling $45, and a $22 charge for printed checks. In reviewing the cash records, the business identified outstanding checks totaling $465 and a deposit in transit of $1,780. During October, the business recorded a $330 check by debiting Salaries Expense and crediting Cash for $33. The business's Cash account shows an October 31 balance of S2,154 Read the requirements
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