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Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 401 Weeks Ago, 6 Days Ago |
| Questions Answered: | 66690 |
| Tutorials Posted: | 66688 |
MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
(Learning Objective 3: Use a bank reconciliation) Ryan Patrick operates a roller skating center. He has just received the monthly bank statement at June 30 from Citizens National Bank, and the statement shows an ending balance of $750. Listed on the statement are an EFT rent collection of $409, a service charge of $7, two NSF checks totaling $120, and a $10 charge for printed checks. In reviewing his cash records, Patrick identifies outstanding checks totaling $610 and a June 30 deposit in transit of $1,765. During June, he recorded a $270 check for the salary of a part-time employee as $27. Patrick’s Cash account shows a June 30 cash balance of $1,876. How much cash does Patrick actually have at June 30, 2014?
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