The December cash records of Buffy Insurance follow:

Data table

Cash Receipts		Cash Payments
Date	Cash Debit	Check No.	Cash Credit
Dec. 4	$4,200	1416	$790
9	450	1417	150
14	510	1418	710
17	2,000	1419	1,190
31	1,880	1420	1,460
		1421	1,300
		1422	580

Buffy's Cash account shows a balance of $16,760 at December 31. On December 31,Buffy Insurance received the following bank statement:

Data table

Bank Statement for December
Beginning Balance						$13,900
Deposits and other Credits:
	Dec.	1		EFT	$500
	Dec.	5			4,200
	Dec.	10			450
	Dec.	15			510
	Dec.	18			2,000
	Dec.	22		BC	1,800	9,460
Checks and other Debits:
	Dec.	8	NSF		500
	Dec.	11	(check no. 1416)		790
	Dec.	19		EFT	930
	Dec.	22	(check no. 1417)		150
	Dec.	29	(check no. 1418)		710
	Dec.	31	(check no. 1419)		1,910
	Dec.	31		SC	10	(5,000)
Ending Balance						$18,360
Explanations: BC-bank collection; EFT-electronic funds transfer;
NSF-nonsufficient funds checks; SC-service charge

December bank statement.)

Additional data for the bank reconciliation follow:

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 $1,800 bank collection was for a note receivable.
d.	The correct amount of check no. 1419, for rent expense, is $1,910. Buffy's controller mistakenly recorded the check for $1,190.

Part 1

Requirement 1. Prepare the bank reconciliation of Buffy Insurance at December 31, 2024. Prepare the bank portion of the reconciliation, followed by the book portion of the reconciliation.

Buffy Insurance

Bank Reconciliation

December 31, 2024

Bank:

Balance, December 31, 2024

16,760

ADD:

Deposit in transit

LESS:

Part 2

Books:
ADD:
LESS:

Part 3

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

Part 4

Journalize the collection of the note.

Date			Accounts and Explanation	Debit	Credit
Dec. 31

Part 5

Journalize the NSF check.

Date			Accounts and Explanation	Debit	Credit
Dec. 31

Part 6

Journalize the EFT payment.

Date			Accounts and Explanation	Debit	Credit
Dec. 31

Part 7

Journalize the service charge.

Date			Accounts and Explanation	Debit	Credit
Dec. 31

Part 8

Journalize the entry to correct the error.

Date			Accounts and Explanation	Debit	Credit
Dec. 31