The December cash records of Harry Insurance follow (Click the icon to view the checkbook.) Harry's...
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The December cash records of Harry Insurance follow (Click the icon to view the checkbook.) Harry's Cash account shows a balance of $17,520 at December 31. On December 31, Harry Insurance received the following bank statement (Click the icon to view the December bank statement.) Additional data for the bank reconciliation follow. (Click the icon to view the additional information.) Read the requirements Requirement 1. Prepare the bank reconciliation of Harry Insurance at December 31, 2024. Prepare the bank portion of the reconciliation, followed by the book portion of the reconciliation. Harry Insurance Bank: ADD: LESS: Harry Insurance Bank Reconciliation December 31, 2024 table Cash Receipts Cash Payments Date Cash Debit Check No. Cash Credit Dec. 4 $ 4,260 1416 1790 9 540 1417 140 14 550 1418 710 17 2,050 1419 1.590 31 1.810 1420 1,500 1421 800 1422 660 Print Done Bank Statement for December Beginning Balance S 14,500 Deposits and other Credits: Dec 1 EFT $ 150 Dec. 5 4,260 Dec. 10 540 Dec. 15 550 Dec. 18 2,050 2,200 Dec. 22 BC 9,750 Checks and other Debits: Dec. 8 NSF 700 Dec. 11 (check no. 1416) 790 Dec. 19 EFT 560 Dec. 22 (check no. 1417) 140 Dec. 29 (check no. 1418) 710 Dec 31 (chack no 1119) 1.950 Print Done DCC TO Dec. 15 540 550 Dec. 18 2,050 Dec. 22 BC 2,200 9,750 Checks and other Debits: Dec. 8 NSF 700 Dec. 11 (check no. 1416) 790 Dec. 19 EFT 560 Dec. 22 (check no. 1417) 140 Dec 29 (check no. 1418) 710 Dec. 31 (check no. 1419) 1,950 15 (4,865) Dec. 31 SC $ 19,385 Ending Balance Explanations: BC-bank collection; EFT-electronic funds transfer; NSF-nonsufficient funds checks; SC-service charge a. The EFT credit was a receipt of rent. The EFT debit was an insurance payment. b. The NSF check was received from a customer c. The $2,200 bank collection was for a note receivable. d. The correct amount of check no. 1419, for rent expense, is $1,950. Harry's controller mistakenly recorded the check for $1,590. Print Done 1. Prepare the bank reconciliation of Harry Insurance at December 31, 2024. 2. Journalize any required entries from the bank reconciliation. The December cash records of Harry Insurance follow (Click the icon to view the checkbook.) Harry's Cash account shows a balance of $17,520 at December 31. On December 31, Harry Insurance received the following bank statement (Click the icon to view the December bank statement.) Additional data for the bank reconciliation follow. (Click the icon to view the additional information.) Read the requirements Requirement 1. Prepare the bank reconciliation of Harry Insurance at December 31, 2024. Prepare the bank portion of the reconciliation, followed by the book portion of the reconciliation. Harry Insurance Bank: ADD: LESS: Harry Insurance Bank Reconciliation December 31, 2024 table Cash Receipts Cash Payments Date Cash Debit Check No. Cash Credit Dec. 4 $ 4,260 1416 1790 9 540 1417 140 14 550 1418 710 17 2,050 1419 1.590 31 1.810 1420 1,500 1421 800 1422 660 Print Done Bank Statement for December Beginning Balance S 14,500 Deposits and other Credits: Dec 1 EFT $ 150 Dec. 5 4,260 Dec. 10 540 Dec. 15 550 Dec. 18 2,050 2,200 Dec. 22 BC 9,750 Checks and other Debits: Dec. 8 NSF 700 Dec. 11 (check no. 1416) 790 Dec. 19 EFT 560 Dec. 22 (check no. 1417) 140 Dec. 29 (check no. 1418) 710 Dec 31 (chack no 1119) 1.950 Print Done DCC TO Dec. 15 540 550 Dec. 18 2,050 Dec. 22 BC 2,200 9,750 Checks and other Debits: Dec. 8 NSF 700 Dec. 11 (check no. 1416) 790 Dec. 19 EFT 560 Dec. 22 (check no. 1417) 140 Dec 29 (check no. 1418) 710 Dec. 31 (check no. 1419) 1,950 15 (4,865) Dec. 31 SC $ 19,385 Ending Balance Explanations: BC-bank collection; EFT-electronic funds transfer; NSF-nonsufficient funds checks; SC-service charge a. The EFT credit was a receipt of rent. The EFT debit was an insurance payment. b. The NSF check was received from a customer c. The $2,200 bank collection was for a note receivable. d. The correct amount of check no. 1419, for rent expense, is $1,950. Harry's controller mistakenly recorded the check for $1,590. Print Done 1. Prepare the bank reconciliation of Harry Insurance at December 31, 2024. 2. Journalize any required entries from the bank reconciliation.
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