Requirement 1. Prepare the bank reconciliation of Insurance at , .

Prepare the bank portion of the reconciliation, followed by the book portion of the reconciliation.

Harry Insurance

Bank Reconciliation

December 31, 2018

Bank:

ADD:

LESS:

Books:

ADD:

LESS:

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.)

Begin with the EFT collection.

Date

Accounts and Explanation

Debit

Credit

Dec. 31

Journalize the collection of the note.

Date

Accounts and Explanation

Debit

Credit

Dec. 31

Journalize the NSF check.

Date

Accounts and Explanation

Debit

Credit

Dec. 31

Journalize the EFT payment.

Date

Accounts and Explanation

Debit

Credit

Dec. 31

Journalize the service charge.

Date

Accounts and Explanation

Debit

Credit

Dec. 31

Journalize the entry to correct the error.

Date

Accounts and Explanation

Debit

Credit

Dec. 31

Choose from any list or enter any number in the input fields and then continue to the next question.

cash account starts balance of 18330

X Data Table Cash Receipts Cash Payments Date Cash Debit Check No. Cash Credit Dec. 4 $ 4,190 1416 $ 820 9 540 1417 170 14 570 1418 660 17 2,250 1419 680 31 1,880 1420 1,500 1421 900 1422 670 Print Done - X Data Table Bank Statement for December $ 14,300 Beginning Balance Deposits and other Credits: Dec. 1 EFT $ 100 Dec. 5 4,190 Dec. 10 540 Dec. 15 570 Dec. 18 2,250 1,300 Dec 22 BC 8,950 Checks and other Debits: Dec. 8 NSF 1,100 Dec. 11 (check no. 1416) 820 Dec. 19 EFT 425 170 Dec. Dec. 22 (check no. 1417) 29 (check no. 1418) 31 (check no. 1419) 660 860 Dec. 15 SC (4,050) Dec. 31 en con Print Done 15 Dec. (4,050) 31 SC 19,200 Ending Balance Explanations: BC-bank collection; EFT-electronic funds transfer; NSF-nonsufficient funds checks, SC-service charge Print Done Fequirement 1. Prepare the bank reconciliation of Harry Insurance at December 31, 2018. Prepare the bank portion of the reconciliation, followed by the book portion of the reconciliation. Harry Insurance Bank Reconciliation December 31, 2018 Bank: ADD: LESS: Books: Choose from any list or enter any number in the input fields and then continue to the next question. Books: ADD: LESS Requirement 2. Journalize any required entries from the bank reconciliation (Record debits first, then credits. Select the explanation on the last line Begin with the EFT collection Date Accounts and Explanation Debit Credit Dec. 31 Journalize the collection of the note Date Accounts and Explanation Dec. 31 Debit Credit Choose from any list or enter any number in the input fields and then continue to the next question Journalize the NSF check. Date Accounts and Explanation Debit Credit Dec. 31 Journalize the EFT payment Date Accounts and Explanation Debit Credit Dec 31 Journalize the service charge. Joumalize the service charge. Date Accounts and Explanation Debit Credit Dec. 31 Journalize the entry to correct the error. Date Accounts and Explanation Debit Credit Dec. 31 The December cash records of Harry Insurance follow: Click the icon to view the checkbook.) Harry's Cash account shows a balance of $18,330 at December 31. On December 31, Harry Insurance received the following bank statement: Click the icon to view the December bank statement.) More Info 1 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 $860. Harry's controller mistakenly recorded the check for $680. Print Done