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Robert Midas operates a roller skating center, Rollerworld USA. He has just received the company's monthly bank statement at June 30 from Wilmington National Bank,
Robert Midas operates a roller skating center, Rollerworld USA. He has just received the company's monthly bank statement at June 30 from Wilmington National Bank, and the statement shows an ending balance of $735. Listed on the statement are an EFT rent collection of $320, a service charge of $10, two NSF checks totaling $115, and an $11 charge for printed checks. In reviewing his cash records, Midas identifies outstanding checks totaling $614 and a June 30 deposit in transit of $1,785. During June, he recorded a $280 check for the salary of a part-time employee as $28. Midas's Cash account shows a June 30 cash balance of $1,974. Read the requirement. Prepare the Bank section, then the Book section of the bank reconciliation to determine how much cash Midas 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.) Rollerworld USA Requirement Bank Reconciliation June 30, 2018 1. How much cash does Midas actually have at June 30, 2018? Bank: Print Done Adr. Choose from any list or enter any number in the input fields and then continue to the next question. Bank: Add: Subtotal UT Less: Books: Choose from any list or enter any number in the input fields and then continue to the next question Read tle Books: Add: Subtotal Less: Choose from any list or enter any number in the input fields and then continue to the ne Subtotal Less: $ Midas's actual cash balance at June 30 is Choose from any list or enter any number in the input fields and then continue to the next
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