The cash data of Donald Automotive for January 2021 follow: (Click the icon to view the checkbook.) Donald Automotive received the following bank statement on January 31, 2021: Next question (Click the icon to view the bank statement.) (Click the icon to view the additional data for the bank reconciliation.) Read the requirements. Requirement 1. Prepare the Donald Automotive bank reconciliation at January 31, 2021. Prepare the Bank side of the bank reconciliation, then prepare the Book side of the bank reconciliation. (Include the balances at January 31 in each of the addition subtotal calculations. If an input field is not used in the table, leave the field emp Donald Automotive Bank Reconciliation January 31, 2021 Data table Bank: Add: Subtotal Less: Books: Add: Subtotal Less: Check No. Data table Cash Account No. 101 Date January 1 Item Balance Jrnl. Ref. Debit Credit Balance 7,700 30 30 CR 6 CP 11 9,662 17,362 9,015 8,347 Cash Receipts (CR) Cash Payments (CP) Date Cash Debit. Check No. Cash Credit January 2 $ 2,955 3113 1,460 8 506 3114 1,011 10 1,629 3115 1,530 16 865 3116 34 22 420 3117 844 29 960 3118 109 2,327 30 3119 464 $ 9.662 Total 3120 1,009 3121 271 2,283 3122 S 9,015 Total Bank Statement for January 2021 Beginning balance $ 7,700 Deposits and other additions: January 1 4 9 12 17 22 23 $ 725 EFT 2,955 506 1,629 865 420 1,375 BC 8,475 Checks and other deductions: January 7 $ 13 1,460 1,350 14 457 US 15 1,011 18 34 21 302 EFT 26 30 30 844 109 30 SC (5,597) $ 10,578 More info Ending balance Requirement 2. Prepare the journal entries required at January 31, 2021. (Record debits first, then credits. Exclude explanations from all jo Record the EFT deposit. Explanation: BC-bank collection of note receivable from customer, EFT-electronic funds transfer, US-unauthorized signature, SC -service charge Date Jan 31 Journal Entry Accounts Debit Credit Print Done Additional data for the bank reconciliation include the following: b. C. The EFT deposit was a receipt of monthly rent. The EFT debit was a monthly insurance payment. The unauthorized signature check was received from a customer and returned by the bank unpaid. The correct amount of check number 3115, a payment on account, is $1,350. (Donald Automotive's accountant mistakenly recorded the check as $1,530.) Requirement 2. Prepare the journal entries required at January 31, 2021. (Record debits first, then credits. Exclude explanations from all journal entries.) Record the EFT deposit. Date Jan 31 Journal Entry Accounts Debit Credit Record the bank collection of note receivable. Date Jan 31 Journal Entry Accounts Debit Credit Record the correction for check #3115. Date Jan 31 Record the EFT debit. Date Jan 31 Journal Entry Accounts Debit Credit Journal Entry Accounts Debit Credit Record the unauthorized signature (US) check returned by the bank. Record the EFT debit. Date Jan 31 Journal Entry Accounts Debit Credit Record the unauthorized signature (US) check returned by the bank. Date Jan 31 Journal Entry Accounts Finally, record the bank service charge. Date Jan 31 Debit Credit Journal Entry Accounts Debit Credit Requirement 3. Describe how a bank account and the bank reconciliation help the general manager control Donald Automotive's cash. A bank account helps control cash by: (Select all statements that apply. If an input field is not used in the table, leave the field empty; do not select a label.) A bank reconciliation helps control cash by: (Select all statements that apply. If an input field is not used in the table, leave the field empty; do not select a label.)