Question: please answer and make clear what goes where. X E4-30B (similar to) Question Help Fred Midas operates a roller skating center. He has received the


X E4-30B (similar to) Question Help Fred Midas operates a roller skating center. He has received the monthly bank statement at October 31 from Citizen National Bank, and the statement shows an ending balance of $740. Listed on the statement are an EFT rent collection of $335, a service charge of $7two NSF checks totaling $125, and an $11 charge for printed checks. In reviewing his cash records, Midas identifies outstanding checks totaling $601 and an October 31 deposit in transit of $1,790. During October, he recorded a $310 check for the salary of a part-time employee as $31. Midas's Cash account shows an October 31 balance of $2,016 (Click the icon to view the bank reconciliation) Requirement 1. Use the bank reconciliation provided to make the joumal entries that Midas should record on October 31 to update his Cash account. Include an explanation for each entry. (Record the transactions in the order they appear on the bank reconciliation Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Journal Entry Date Accounts and Explanations Debit Credit Oct 31 Deposits in Transit 1790 Casa Rent Revenue Miscellaneous Expense Choose from any list or enter any number in the input fields and then click Check Answer 3 parts 3 mining Clear All Check Answer vare Accounts and explanations Debit Credit Oct 31 1790 1790 335 Accounts Payable Accounts Receivable Cash Deposits in Transit Miscellaneous Expense Choose from an Rent Revenue Salary Expense remaining n click Check Answer. 3 parts Use the bank reconciliation provided to make the journal entries that Midas should record o Lecord the transactions in the order they appear on the bank reconciliation. Record debits first, th Journal Entry Credit Date Oct Debit 1790 31 Bank service charge and charge for printed checks. Correction of book error. EFT collection of rent. NSF checks returned by bank. 1790 335 7 Choose from any list or enter any number in the input fields and then click Check Answer. 3 parts remaining
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