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need help Requirement 1. Use the...

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Accounting

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Requirement 1. Use the bank reconciliation provided to make the journal entries that Kippen should record on March 31 to update his Cash account. Include an explanation for each entry. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) More info The statement shows an ending balance of $730. Listed on the statement are an EFT rent collection of $290, a service charge of $9, two NSF checks totaling $80, and a $10 charge for printed checks. In reviewing his cash records, Kippen identifies outstanding checks totaling $614 and a March 31 deposit in transit of $1,780. During March, he recorded a $240 check for the salary of a part-time employee as $24. Kippen's Cash account shows a March 31 cash balance of $1,921. Donl. 11:-1: - . Record the EFT deposit. Record the correction of the book error. Record the NSF checks returned by the bank. 48 Finally, make one entry to record both the service charge and the cost of printed checks

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