a bank reconciliation and journal entries Preparing The December cash records of Davidson Insurance follo Insenl Con d Cb 1 Cash Receipts Learning Objective Cash Payments Cash Debit Date 1 Aduted Bance $18.025 Check No. Cash Credit Dec. 4 $ 4,240 ss0 1416 S 810 1417 14 600 180 1418 17 630 1,900V 1419 31 1,860 1,390 1420 1,490 1421 700 1422 600 Davidson's Cash account shows a balance of $17,450 at December 31.On December 31, Davidson Insurance received the following bank statement Bank Statement for December Beginning Balance $ 14.100 Deposits and other Credits Dec EFT S 350 Dec. 4,240 Dec. 10 550 15 Dec. 600 Dec. 18 1,900 BC 1,400 9,040 Dec. 22 Checks and other Debits: NSF 400 8 Dec. 810 11 (check no. 1416) Dec. 225 EFT Dec. 19 180 22 (check no. 1417) Dec 630 29 (check no. 1418) Dec. 1,930 31 (check no. 1419) Dec. (4,185) 10 SC 31 Dec. $18,955 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 $1,400 bank collection was for a note receivable. d. The correct amount of check no 1419, for rent expense, is $1,930. Davidson's controller mistakenly recorded the check for $1,390 Additional data for the bank reconciliation follow: CHAPTER Requirements 1. Prepare the bank reconciliation of Davidson Insurance at December 31, 2018. 2. Journalize any required entries from the bank reconciliation