The

December

cash records of

Devin

Insurance follow:

Cash Receipts		Cash Payments
Date	Cash Debit	Check No.	Cash Credit
Dec. 4	$4,140	1416	$850
9	510	1417	160
14	590	1418	670
17	2,250	1419	1,290
31	1,880	1420	1,460
		1421	1,300
		1422	660

Devin's

Cash account shows a balance of

$17,380

at

December

31.

On

December

31,

Devin

Insurance received the following bank statement:

Bank Statement for December
Beginning Balance						$14,400
Deposits and other Credits:
	Dec.	1		EFT	$200
	Dec.	5			4,140
	Dec.	10			510
	Dec.	15			590
	Dec.	18			2,250
	Dec.	22		BC	2,100	9,790
Checks and other Debits:
	Dec.	8	NSF		1,100
	Dec.	11	(check no. 1416)		850
	Dec.	19		EFT	1,000
	Dec.	22	(check no. 1417)		160
	Dec.	29	(check no. 1418)		670
	Dec.	31	(check no. 1419)		1,920
	Dec.	31		SC	15	(5,715)
Ending Balance						$18,475

bank statement.)

Additional data for the bank reconciliation follow:

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.

Requirement 1. Prepare the bank reconciliation of

Devin

Insurance at

December

31,

2018.

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

Devin 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