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Requirement 1. Prepare the bank reconciliation of Dunlap Insurance at December 31, 2024. Prepare the bank portion of the reconciliation, followed by the book portion
Requirement 1. Prepare the bank reconciliation of Dunlap Insurance at December 31, 2024. Prepare the bank portion of the reconciliation, followed by the book portion of the reconciliation. Data table Requirement 2. Journalize any required entries from the bank reconciliation. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Data table Explanations: BC-bank collection; EFT-electronic funds transfer; NSF-nonsufficient funds checks; SC-service charge 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 $1,300 bank collection was for a note receivable. d. The correct amount of check no. 1419 , for rent expense, is $1,950. Dunlap's controller mistakenly recorded the check for $1,590. Requirements 1. Prepare the bank reconciliation of Dunlap Insurance at December 31, 2024. 2. Journalize any required entries from the bank reconciliation. Requirement 1. Prepare the bank reconciliation of Dunlap Insurance at December 31, 2024. Prepare the bank portion of the reconciliation, followed by the book portion of the reconciliation. Data table Requirement 2. Journalize any required entries from the bank reconciliation. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Data table Explanations: BC-bank collection; EFT-electronic funds transfer; NSF-nonsufficient funds checks; SC-service charge 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 $1,300 bank collection was for a note receivable. d. The correct amount of check no. 1419 , for rent expense, is $1,950. Dunlap's controller mistakenly recorded the check for $1,590. Requirements 1. Prepare the bank reconciliation of Dunlap Insurance at December 31, 2024. 2. Journalize any required entries from the bank reconciliation
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