Question: Tim Wong operates a FedEx Kinko's store. He has just received the monthly bank statement at May 31, 2014, from Royal Bank of Canada, and

Tim Wong operates a FedEx Kinko's store. He has just received the monthly bank statement at May 31, 2014, from Royal Bank of Canada, and the statement shows an ending balance of $595. Listed on the statement are an EFT customer collection of $300, a service charge of $12, two NSF cheques totaling $120, and a $9 charge for printed cheques. In reviewing his cash records, Wong identifies outstanding cheques totaling $603 and a May 31 deposit in transit of $1,788. During May, he recorded a $290 cheque for the salary of a part-time employee as $29. Wong's Cash account shows a May 31 cash balance of $1,882. How much cash does Wong actually have at May 31?

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