Homework answers / question archive / Frank White operates a roller skating center

Frank White operates a roller skating center

Accounting

Share With

Frank White operates a roller skating center. He has just received the monthly bank statement at November 30 from Citizen National Bank, and the statement shows an ending balance of $570. Listed on the statement are an EFT rent collection of $335, a service charge of $8, two NSF checks totaling $120, and a $10 charge for printed checks. In reviewing his cash records, White identifies outstanding checks totaling $601 and a November 30 deposit in transit of $1,765. During November, he recorded a $270 check for the salary of a part-time employee as $27. White’s Cash account shows a November 30 cash balance of $1,780. How much cash does White actually have at November 30?