Cash Jrnl. Ref. Debit Date April 1 Item Balance Account No. 101 Credit Balance 7,250 16,809 10,036 6,773 30 CR 6 9,559 30 CP 11 Cash Receipts (CR) Cash Payments (CP) Check No. Date Cash Debit April 2$ 2,785 Cash Credit $ 1,490 3113 8 577 3114 1,909 10 1,631 3115 1,730 16 838 3116 14 22 356 796 3117 3118 29 175 886 2,486 30 3119 442 9,559 Total 951 3120 3121 242 3122 2,287 $ 10,036 Total $ $ 7,250 Bank Statement for April 2018 Beginning balance Deposits and other additions: April 1 600 EFT 2,785 9 577 12 1,631 4 17 838 22 356 1,425 BC 8,212 23 Checks and other deductions: a. Additional data for the bank reconciliation include the following: The EFT deposit was a receipt of monthly rent. The EFT debit was a monthly insurance payment. b. The unauthorized signature check was received from a customer and returned by the bank unpaid. The correct amount of check number 3115, a payment on account, is $1,370. (Dunlap Automotive's accountant mistakenly recorded the check as $1,730.) C. 1. Prepare Dunlap Automotive's bank reconciliation at April 30, 2018. 2. Prepare the journal entries required at April 30, 2018. 3. Describe how a bank account and the bank reconciliation help the general manager control Dunlap Automotive's cash. The cash data of Dunlap Automotive for April 2018 follow: : (Click the icon to view the checkbook.) Dunlap Automotive received the following bank statement on April 30, 2018: E: (Click the icon to view the bank statement.) A (Click the icon to view the additional data for the bank reconciliation.) Read the requirements. Requirement 1. Prepare the Dunlap Automotive bank reconciliation at April 30, 2018. Prepare the Bank side of the bank reconciliation, then prepare the Book side of the bank reconciliation. Include the balances at April 30 in each of the addition subtotal calculations. If a box is not used in the table, leave the box empty; do not select a label or enter a zero.) Dunlap Automotive Bank Reconciliation April 30, 2018 Bank: Add: Subtotal Less: Check No. Books: Add: Subtotal Less: Requirement 2. Prepare the journal entries required at April 30, 2018. (Record debits first, then credits. Exclude explanations from all journal entries.) Record the EFT deposit. Journal Entry Date Accounts Debit Credit Apr 30 Record the bank collection of note receivable. Journal Entry Date Accounts Debit Credit Apr 30 Record the correction for check #3115. Journal Entry Date Accounts Debit Credit Apr 30 Record the EFT debit. Journal Entry Date Accounts Debit Credit Apr 30 Record the unauthorized signature (US) check returned by the bank. Journal Entry Date Accounts Debit Credit Apr 30 Finally, record the bank service charge. Journal Entry Date Accounts Debit Credit Apr 30 Requirement 3. Describe how a bank account and the bank reconciliation help the general manager control Dunlap Automotive's cash. A bank account helps control cash by: (Select all statements that apply. If a box is not used in the table, leave the box empty; do not select a label.) A bank reconciliation helps control cash by: (Select all statements that apply. If a box is not used in the table, leave the box empty; do not select a label.) Cash Jrnl. Ref. Debit Date April 1 Item Balance Account No. 101 Credit Balance 7,250 16,809 10,036 6,773 30 CR 6 9,559 30 CP 11 Cash Receipts (CR) Cash Payments (CP) Check No. Date Cash Debit April 2$ 2,785 Cash Credit $ 1,490 3113 8 577 3114 1,909 10 1,631 3115 1,730 16 838 3116 14 22 356 796 3117 3118 29 175 886 2,486 30 3119 442 9,559 Total 951 3120 3121 242 3122 2,287 $ 10,036 Total $ $ 7,250 Bank Statement for April 2018 Beginning balance Deposits and other additions: April 1 600 EFT 2,785 9 577 12 1,631 4 17 838 22 356 1,425 BC 8,212 23 Checks and other deductions: a. Additional data for the bank reconciliation include the following: The EFT deposit was a receipt of monthly rent. The EFT debit was a monthly insurance payment. b. The unauthorized signature check was received from a customer and returned by the bank unpaid. The correct amount of check number 3115, a payment on account, is $1,370. (Dunlap Automotive's accountant mistakenly recorded the check as $1,730.) C. 1. Prepare Dunlap Automotive's bank reconciliation at April 30, 2018. 2. Prepare the journal entries required at April 30, 2018. 3. Describe how a bank account and the bank reconciliation help the general manager control Dunlap Automotive's cash. The cash data of Dunlap Automotive for April 2018 follow: : (Click the icon to view the checkbook.) Dunlap Automotive received the following bank statement on April 30, 2018: E: (Click the icon to view the bank statement.) A (Click the icon to view the additional data for the bank reconciliation.) Read the requirements. Requirement 1. Prepare the Dunlap Automotive bank reconciliation at April 30, 2018. Prepare the Bank side of the bank reconciliation, then prepare the Book side of the bank reconciliation. Include the balances at April 30 in each of the addition subtotal calculations. If a box is not used in the table, leave the box empty; do not select a label or enter a zero.) Dunlap Automotive Bank Reconciliation April 30, 2018 Bank: Add: Subtotal Less: Check No. Books: Add: Subtotal Less: Requirement 2. Prepare the journal entries required at April 30, 2018. (Record debits first, then credits. Exclude explanations from all journal entries.) Record the EFT deposit. Journal Entry Date Accounts Debit Credit Apr 30 Record the bank collection of note receivable. Journal Entry Date Accounts Debit Credit Apr 30 Record the correction for check #3115. Journal Entry Date Accounts Debit Credit Apr 30 Record the EFT debit. Journal Entry Date Accounts Debit Credit Apr 30 Record the unauthorized signature (US) check returned by the bank. Journal Entry Date Accounts Debit Credit Apr 30 Finally, record the bank service charge. Journal Entry Date Accounts Debit Credit Apr 30 Requirement 3. Describe how a bank account and the bank reconciliation help the general manager control Dunlap Automotive's cash. A bank account helps control cash by: (Select all statements that apply. If a box is not used in the table, leave the box empty; do not select a label.) A bank reconciliation helps control cash by: (Select all statements that apply. If a box is not used in the table, leave the box empty; do not select a label.)