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Robert Kensington operates a roller skating center, Rollerfun USA. He has just received the company's monthly bank statement at February 28 from Frederick National
Robert Kensington operates a roller skating center, Rollerfun USA. He has just received the company's monthly bank statement at February 28 from Frederick National Bank, and the statement shows an ending balance of $730. Listed on the statement are an EFT rent collection of $305, a service charge of $7, two NSF checks totaling $125, and an 18 charge for printed checks In reviewing his cash records, Kensington identifies outstanding checks totaling $605 and a February 28 deposit in transit of $1,805. During February, he recorded a $310 check for the salary of a part-time employee as $31. Kensington's Cash account shows a February 28 cash balance of $2,044, Read the requirement Prepare the Bank section, then the Book section of the bank reconciliation to determine how much cash Kensington actually has at February 28. (Include the balances at February 28 in each of the addition subtotal calculations. If an input field is not used in the table leave the field empty; do not select a label or enter a zero.) Rollerfun USA Bank Reconciliation February 28, 2021 Bank: Add: Subtotal Less:
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