The April cash records of Donald Insurance follow:

Donald Insurance’s Cash account shows a balance of \($17,040\) at April 30. On April 30, Donald Insurance received the following bank statement:

Additional data for the bank reconciliation:

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 \($1,600\) bank collection was for a note receivable.

d. The correct amount of check 1419 for rent expense is \($1,920\). Donald’s controller mistakenly recorded the check for $1,290.

Requirements

1. Prepare the bank reconciliation of Donald Insurance at April 30, 2011.
2. Journalize any required entries from the bank reconciliation.

Transcribed Image Text:

Cash Receipts Cash Payments Date Cash Debit Check No. Cash Credit Apr 4 $ 4,160 1416 890 9 530 1417 140 14 520 1418 670 17 2,170 1419 1,290 30 1,860 1420 1,450 1421 800 1422 660