Use the data from Exercise to make the journal entries that Root should record on April 30

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Use the data from Exercise to make the journal entries that Root should record on April 30 to update his Cash account. Include an explanation for each entry.
Evan Root operates a bowling alley. He has just received the monthly bank statement at April 30 from City National Bank, and the statement shows an ending balance of $565. Listed on the statement are an EFT rent collection of $320, a service charge of $7, two NSF checks totaling $115, and an $11 charge for printed checks. In reviewing his cash records, Root identifies outstanding checks totaling $602 and an April 30 deposit in transit of $1,790. During April, he recorded a $290 check for the salary of a part-time employee as $29. Roots Cash account shows an April 30 cash balance of $1,827. How much cash does Root actually have at April 30?

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Financial accounting

ISBN: 978-0136108863

8th Edition

Authors: Walter T. Harrison, Charles T. Horngren, William Bill Thomas

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