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Fred Midas operates a roller skating center. He has just 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 $7.two NSF checks totaling $125, and an $11 charge for printed checks. In reviewing this cash records, Midas identifies outstanding checks totaling $001 and an October 31 deposit in transit of $1,790. During October, he recorded a $310 check for the wary 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 journal 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 Accounts and explanations Date Debit Credit Choose from any list or enter any number in the input fields and then click Check Answer. Requirement 1. Use the bank reconciliation provided to make the journal entries that Midas should record on October 31 to update his Cash accou (Record the transactions in the order they appear on the bank reconciliation. Record debits first, then credits. Select the explanation ont Journal Entry Accounts and Explanations Debit Credit Date Oct 31 Accounts Payable Accounts Receivable Cash Deposits in Transit Miscellaneous Expense Rent Revenue Salary Expense Choose from an n click Check Answer. 2 parts s remaining Clear All