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Please help and correct format E4-20A (similar to) Question Help Fred Witter operates a roller skating center, Whirl Around USA. He has just received the
Please help and correct format
E4-20A (similar to) Question Help Fred Witter operates a roller skating center, Whirl Around USA. He has just received the monthly bank statement at December 31 from Warington National Bank, and the statement shows an ending balance of $725. Listed on the statement are an EFT rent collection of $300, a service charge of $8, two NSF checks totaling $105, and an $11 charge for printed checks. In reviewing his cash records, Wittier identifies outstanding checks totaling $607 and a December 31 deposit in transit of $1,805. During December, he recorded a $210 check for the salary of a part-time employee as $21. Wittier's Cash account shows a December 31 balance of $1,936. Requirement 1. How much cash does Wittier actually have at December 31, 2016? Prepare the Bank section, then the Book section of the bank reconciliation to determine how much cash Wittier actually has at December 31. (Include the balances at December 31 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.) Fred Wittier Bank Reconciliation December 31, 2016 Bank: Balance, December 31, 2016 Add: Subtotal Less: Adjusted bank balance, December 31, 2016 Step by Step Solution
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