Harry Operates a roller skating center. He has just received the monthly bank statement of October 31 from Citizen national bank, and the statement shows the ending balance of $725. Listed on the statement are an ETF Rent collection of $300, a service charge of $8, two NSF checks totaling $125 and an $11 charge for printed checks. In reviewing his cash records, Smith identifies outstanding checks totaling $606 and an October 31 deposit in transit of $1770. During October he recorded a $290 check for the salary of a part time employee as $29. Smith's Cash account shows an october 31 balance of $1994.

. Data Table October 31, 2014 BANK: Balance, October 31 $ 725 Add: Deposit in transit 1,770 2,495 (606) Less: Outstanding checks $ 1,889 Adjusted bank balance BOOKS: Balance, October 31 $ 1,994 Add: EFT collection - rent 300 2,294 Less: Correction of book error $ 261 NSF checks 125 11 Charge for printed checks Service charge 8 (405) Adjusted book balance $ 1,889 n clic Print Done E4-30B (similar to) Harry Smith operates a roller skating center. He has just received the monthly bank statement at October 31 from Citizen National Bank, and th- collection of $300, a service charge of $8, two NSF checks totaling $125, and an $11 charge for printed checks. In reviewing his cash records, $1,770. During October, he recorded a $290 check for the salary of a part-time employee as $29. Smith's Cash account shows an October 31 (Click the icon to view the bank reconciliation.) Requirement 1. Use the bank reconciliation provided to make the journal entries that Smith should record on October 31 to update his Cash account. Inc Journal Entry Accounts and Explanations Debit Credit Date 300 Oct 31 Cash 300 Rent Revenue EFT collection of rent Journal Entry Debit Credit Date 125 Oct Accounts and Explanations 31 Salary Expense Cash Accounts Receivable 125 260 260 Cash from a list or enter any number in the input fields and then click Check