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. Neals Cash account shows a January 31 cash balance of $1,801. How much cash does Neal actually have at January 31?

E4-33B (Learning Objective 3: Design and use a bank reconciliation) Use the data from Exercise 4-32B to make the journal entries that Neal should record on January 31 to update his Cash account. Include an explanation for each entry.