Brett Wittier operates a roller skating center, Rollerball USA. He has just received the monthly bank statement at June 30 from TransAm National Bank, and the statement shows an ending balance of $755. Listed on the statement are an EFT rent collection
of $285, a service charge of $7, two NSF checks totaling $115, and an $11 charge for printed checks. In reviewing his cash records, Wittier identifies outstanding checks totaling $609 and a June 30 deposit in transit of $1,800. During June, he recorded a
$210 check for the salary of a part-time employee as $21. Wittier's Cash account shows a June 30 balance of $1,983.
Requirement
1. How much cash does Wittier actually have at June 30, 2016?
Prepare the Bank section, then the Book section of the bank reconciliation to determine how much cash Wittier actually has at June 30. (Include the balances at June 30 in each of the addition subtotal calculations. If a box is not used in the table leave the
box empty; do not select a label or enter a zero.)
Brett Wittier
Bank Reconciliation
June 30, 2016
Bank:
Balance, June 30, 2016
Add:
Deposit in transit
Subtotal
Less: Outstanding checks
Adjusted bank balance, June 30, 2016
Books:
Balance, June 30, 2016
Add:
EFT collection - rent
Subtotal
Less
Correction of book error
NSF checks
Charge for printed checks
Service charge
Adjusted book balance, June 30, 2016
S
755
1,800
2,555
(609)
1,946
1983
285
2268