PF7-28A (similar to) The December cash records of Donald Insurance follow: (Click the icon to view the checkbook.) Donald's Cash account shows a balance of $17,540 at December 31. On December 31, Donald Insurance received the following bank statement: (Click the icon to view the December bank statement.) 1421 900 650 1422 3,030 $ 17,805 Adjusted bank balance, December 31, 2024 Books: Balance, December 31, 2024 $ 17,540 ADD EFT collection of rent $ 200 Bank collection of note receivable 1,900 2,100 19,640 LESS: NSF check 620 EFT payment of insurance Service charge 45 Correction of book error Adjusted book balance, December 31, 2024 Cash Receipts Cash Payments Date Cash Debit Check No. Cash Credit Dec. 4 $ 4,250 1416 820 9 500 1417 120 14 580 1418 650 2,050 1419 690 1,870 1420 1,480 900 1422 650 Print Done Bank Statement for December Beginning Balance $ 13,600 Deposits and other Credits: Dec. 1 EFT $ 200 Dec. 5 4,250 Dec. 10 500 Dec. 15 580 Dec. 18 2,050 Dec. 22 1,900 9,480 Checks and other Debits: Dec. 8 NSF 900 Dec. 11 (check no. 1416) 820 Dec. 19 EFT 620 Dec. 22 (check no. 1417) 120 Dec. 29 (check no. 1418) 650 Dec. 18 2,050 1,900 Dec. 22 BC 9,480 Checks and other Debits: Dec. 8 NSF 900 Dec. 11 (check no. 1416) 820 Dec. 19 EFT 620 Dec. 120 Dec. 22 (check no. 1417) 29 (check no. 1418) 31 (check no. 1419) 650 Dec. 960 Dec. 31 45 SO (4,115) $ 18,965 Ending Balance Explanations: BC-bank collection; EFT-electronic funds transfer: NSF-nonsufficient funds checks; SC-service charge Print Done More Info 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 $1,900 bank collection was for a note receivable. d. The correct amount of check no. 1419, for rent expense, is $960. Donald's controller mistakenly recorded the check for $690. Print Done