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es 27A Preparing a bank recon reconciliatio reconds of Davidson Insuranee folk Cash Receipts Ineral Contrl and Cash 4 Learning Objectlve 6 1. Ach,sted Balance
es 27A Preparing a bank recon reconciliatio reconds of Davidson Insuranee folk Cash Receipts Ineral Contrl and Cash 4 Learning Objectlve 6 1. Ach,sted Balance $18,025 December cash reconls of Davidson and journal entries I Cash Payments Date Cash Debit Check No. Cash Credit Dec 4 $4.20 s50 600 1,900 1.860 5 810 183 ,390 ,490 700 600 Dvidson's Cash account shoms a balance of $17.450 nt December 31 1420 1421 1422 31, Davidson Insurance seceived the follorwing bank statement 31.On Decembcr Bank Statement for December Beginning Balaroce 14100 Deposits and other Credits Dec. 1 Dec. 5 Dec. 10 Dec. 15 Dec. 18 Dec. 22 EFT $ 350 1,900 BC 1.400 9,040 Checks and ather Debits Dec. B Dec. 11 (check no. 141 Dec. 19 Dec. 22 (check no 1417) Dec. 29 (check no. 1418 Dec. 31 (check no. 1419) Dec. 31 810 225 ET 1,930 4,185 S 18,955 SC Ending Balance Explanations: BC-bark collection EFT electronic tunds rarafer NSF-nonsufficient funds checks SC service charge Additional data for the bank reconciliation follow: a. The EFT credit was a roceipt of rent. The EFT debit was an insarance payment. b. The NSF check was reccived from a customet C. The $1,400 bank collection was for a note receisable. d. The corret amount of check no. 1419, for rent expense, is $1,930, Davidson's controller mistakenly recorded the check for $1,390
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