Preparing a bank reconciliation and journal entries [20-25 min] The July cash records of Dickson insurance follows: Dickson Insurance's cash account shows a balance of $16, 520 at July 31. On July 31, Dickson insurance received the following bank statement: additional data for the bank reconciliation; the EFT deposit was a receipt of rent. The EFT debit was an insurance payment The NSF check was received from a customer The $1, 400 bank collection was for a note receivable The correct amount of check 1419 for rent expense is $1, 950. Dickson's controller mistakenly recorded the check for $1, 590 Prepare the bank reconciliation of Dickson Insurance at July 31, 2011 Journalize any required entries from the bank reconciliation