Question: statement from CN Bank, and the statement shows an ending balance of $905. Listed on the statement printed checks. In reviewing the cash records, the
statement from CN Bank, and the statement shows an ending balance of $905. Listed on the statement printed checks. In reviewing the cash records, the business identifed outstanding checks totaling $470 PROBLEM: MK Corporation operates four laser tag venues. The business just received the October 31, 2018, bank are an EFT rent collection of $430, a service charge of $5, NSF checks totaling $90, and a $21 charge for and a deposit in transit of $1.750. During October, the business recorded a $250 check by debiting Salaries Expense and crediting Cash for $25. The business's unadjusted Cash account shows an October 31 balance of $2,096 QUESTION What is the adjusted ending cash balance? HINTS: 1. Post your information to your group so that you can check each other. I will score based on your final answer. Post as many times as you like and consider posting journal entries as well for feedback from your group 2. Prepare a bank reconciliation from both the bank and book side to check your work
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