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Category > Business & Finance Posted 15 May 2017 My Price 4.00

Learning Objective 3: Use a bank reconciliation

E4-32B (Learning Objective 3: Use a bank reconciliation) Evan Neal operates a roller skating center. He has just received the monthly bank statement at January 31 from Citizen National Bank, and the statement shows an ending balance of $575. Listed on the statement are an EFT rent collection of $330, a service charge of $9, two NSF checks totaling $115, and an $11 charge for printed checks. In reviewing his cash records, Neal identifies outstanding checks totaling $606 and a January 31 deposit in transit of $1,775. During January, he recorded a $280 check for the salary of a part-time employee as $28. Neal’s Cash account shows a January 31 cash balance of

$1,801. How much cash does Neal actually have at January 31?

 

Answers

Alpha Geek
(8)
Status NEW Posted 15 May 2017 04:05 PM My Price 4.00

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file 1494865642-Answer.docx preview (156 words )
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