On December 1, 2020, Bonita Company had the following account balances. Debit Credit Cash $17.600 Accumulated Depreciation-Equipment $2,900 Notes Receivable 2,000 Accounts Payable 6.200 Accounts Receivable 7,600 Owner's Capital 62.000 Inventory 15,200 $71,100 1,500 Prepaid Insurance Equipment 27,200 $71,100 During December the company completed the following transactions Dec 7 12 Received $3.700 cash from customers in payment of account (no discount allowed). Purchased merchandise on account from Vance Co. $11.800 terms 1/10.n/30. Sold merchandise on account $15.500 terms 2/10,n/30. The cost of the merchandise sold was $9.400. Paid salaries $2.300 17 19 22 Pald Vance Co. In full, less discount During December, the company completed the following transactions Dec. 7 Received $3.700 cash from customers in payment of account (no discount allowed). 12 17 19 Purchased merchandise on account from Vance Co. $11,800, terms 1/10, 1/30. Sold merchandise on account $15,500, terms 2/10, 1/30. The cost of the merchandise sold was $9.400. Paid salaries $2,300. Paid Vance Co. in full, less discount Received collections in full, less discounts, from customers billed on December 17. Received $2,800 cash from customers in payment of account (no discount allowed). 22 26 31 Adjustment data: 1 Depreciation $210 per month. 2. 2 Insurance expired $390. The statement from Jackson County Bank on December 31 showed a balance of $24.958. A comparison of the bank statement with the Cash account revealed the following facts. 1 2. The bank collected a note receivable of $2,000 for Bonita Company on December 15. The December 31 receipts were deposited in a night deposit vault on December 31. These deposits were recorded by the bank in January Checks outstanding on December 31 totaled $1.100. On December 31. the bank statement showed an NSF charge of $650 for a check received by the company from L Bryan, a customer, on account 3. 4. Prepare a bank reconciliation as of December 31 based on the available information. (Hint: The cash balance per books is $25.308. This can be proven by finding the balance in the Cash account from parts la) and (b). (List items that increase cash balance first. Reconcile cash balance per bank first.) BONITA COMPANY Bank Reconciliation December 31, 2022 $ $ V > $ e Textbook and Media