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Todd Smith operates a roller skating center, Roll Around USA. He has just received the company's monthly bank statement at June 30 from Stonewall National
Todd Smith operates a roller skating center, Roll Around USA. He has just received the company's monthly bank statement at June 30 from Stonewall National Bank, and the statement shows an ending balance of $700. Listed on the statement are an EFT rent collection of $325, a service charge of $10, two NSF checks totaling $80, and an $11 charge for printed checks. In reviewing his cash records, Smith identifies outstanding checks totaling $606 and a June 30 deposit in transit of $1,785. During June, he recorded a $220 check for the salary of a part-time employee as $22. Smith's Cash account shows a June 30 cash balance of $1,853. Read the requirement. Prepare the Bank section, then the Book section of the bank reconciliation to determine how much cash Smith actually has at June 30. (Include the balances at June 30 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.) Roll Around USA Bank Reconciliation June 30, 2021 B S
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