Bank Statement for December
Beginning Balance						$14,000
Deposits and other Credits:
	Dec.	1		EFT	$100
	Dec.	5			4,230
	Dec.	10			530
	Dec.	15			550
	Dec.	18			2,250
	Dec.	22		BC	2,200	9,860
Checks and other Debits:
	Dec.	8	NSF		600
	Dec.	11	(check no. 1416)		830
	Dec.	19		EFT	275
	Dec.	22	(check no. 1417)		130
	Dec.	29	(check no. 1418)		730
	Dec.	31	(check no. 1419)		860
	Dec.	31		SC	15	(3,440)
Ending Balance						$20,420
Explanations: BC-bank collection; EFT-electronic funds transfer;
NSF-nonsufficient funds checks; SC-service charge

Additional data for the bank reconciliation follow: (Click the icon to view the additional information.) Read the requirements. A More Info 800 The December cash records of Buffy Insurance follow: : (Click the icon to view the checkbook.) Buffy's Cash account shows a balance of $18,140 at December 31. On December 31, Buffy Insurance received the following bank statement: (Click the icon to view the December bank statement.) Data Table 1421 1422 580 2,830 $ 19,370 Adjusted bank balance, December 31, 2018 Cash Receipts Books: Date Cash Debit Balance, December 31, 2018 Dec. 4 $ 4,230 ADD: EFT collection of rent 530 Bank collection of note receivable 550 2,250 LESS: NSF check EFT payment of insurance Service charge Correction of book error Adjusted book balance, December 31, 2018 Print a. The EFT credit was a receipt of rent. The EFT debit was an insurance paym 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 $860. Buffy's cor mistakenly recorded the check for $680. Cash Payments Check No. Cash Credit 1416 $ 830 1417 130 1418 730 1419 680 Print Done 1,780 1420 1,450 1421 1422 800 580 Done Choose from any list or enter any number in the input fields and then click Check Answer. parts remaining Clear All Check