Rick Neal operates a roller skating center, Neal's Rinks. He has just received the monthly bank statement

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Rick Neal operates a roller skating center, Neal's Rinks. He has just received the monthly bank statement at October 31 from Sandstone National Bank, and the statement shows an ending balance of $750. Listed on the statement are an EFT rent collection of $330, a service charge of $10, two NSF checks totaling $110, and an $11 charge for printed checks. In reviewing his cash records, Neal identifies outstanding checks totaling $603 and an October 31 deposit in transit of $ 1,770. During October, he recorded a $310 check for the salary of a part-time employee as $31. Neal's Cash account shows an October 31 cash balance of $1,997. How much cash does Neal actually have at October 31, 2016?

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Financial Accounting

ISBN: 978-0134127620

11th edition

Authors: Walter Harrison, Charles Horngren, William Thomas, Wendy Tietz

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