The Cash Record and Bank Statement for Dickson Insurance are shown below.
Using these two documents, complete the Bank Reconciliation on the following page.
NOTES:
Outstanding checks should be listed separately on the reconciliation
The correct amount for Check # 1419 is $1,960. The error was made on the company's side.
DICKSON INSURANCE - CASH RECORD
MAY 2024
Date	Item	Check No.	Deposit Amt	Payment Amt	Balance
1-May					$ 14,000
4-May	Deposit		$ 4,150		$ 18,150
6-May	Check	1416		$ 850	$ 17,300
9-May	Deposit		$ 540		$ 17,840
14-May	Deposit		$ 560		$ 18,400
16-May	Check	1417		$ 160	$ 18,240
17-May	Deposit		$ 2,190		$ 20,430
19-May	Check	1418		$ 670	$ 19,760
23-May	Check	1419		$ 1,690	$ 18,070
31-May	Deposit		$ 1,870		$ 19,940
	Check	1420		$ 1,450	$ 18,490
	Check	1421		$ 1,200	$ 17,290
	Check	1422		$ 640	$ 16,650
DICKSON INSURNANCE COMPANY
BANK STATEMENT
MAY 31, 2024
Beginning Balance				$ 14,000
Deposits and Other Credits
	May 1		EFT Collection (rent)	$ 200
	May 5			$ 4,150
	May 10			$ 540
	May 15			$ 560
	May 18			$ 2,190
	May 22		Bank collection (A/R)	$ 1,700	$ 9,340
Checks and Other Debits
		Check #
	May 8		NSF - customer check	$ 700
	May 11	1416		$ 850
	May 19		EFT payment (power bill)	$ 400
	May 22	1417		$ 160
	May 29	1418		$ 670
	May 31	1419		$ 1,960
	May 31		Service Charge	$ 10	$ (4,750)
Ending Balance				$ 18,590