The December cash records of Donald Insurance follow (Click the icon to view the checkbook) Donald's Cash account shows a balance of $17.650 at December 31. On December 31, Donald Insurance received the following bank statement Click the icon to view the December bank statement) Additional data for the bank reconciliation follow Click the icon to view the additional information) Read the resurements Requirement 1. Prepare the bank reconciliation of Donald Insurance at December 31, 2018 Prepare the bank portion of the reconciliation, followed by the book portion of the reconciliation Donald Insurance Bank Reconciliation December 31, 2018 Bank ADD LESS Choose from any list or enter any number in the input fields and then continue to the next question (Click the icon to view the additional information.) balance of $17,650 at December 31. On ment: Ecember bank statement.) Data Table Cash Receipts Date Cash Debit k reconciliation of Donald Insurance at econciliation, followed by the book portid onald Insurance nk Reconciliation cember 31, 2018 Dec. 4 $ 9 4,210 530 560 Cash Payments Check No. Cash Credit 1416 $ 860 1417 140 1418 730 1419 790 14 17 2,300 31 1.850 1420 1,510 1,100 1421 1422 670 Print Done i Data Table Bank Statement for December Beginning Balance Deposits and other Credits: $ 14,000 Dec. 1 EFT $ 150 Dec. 5 4,210 Dec. 10 530 Dec. 15 560 Dec. 18 2,300 1,800 Dec. 22 BC 9,550 Checks and other Debits: Dec. 8 NSF 1,000 Dec. 11 (check no. 1416) 860 Dec. 19 EFT 375 Dec. 140 22 (check no. 1417) 29 (check no. 1418) Dec. 730 Print Done 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 $970. Donald's controller mistakenly recorded the check for $790. Print Done Donald Insurance Bank Reconciliation December 31, 2018 Bank: ADD: LESS Books: Books: TIT ADD: LESS: Requirement 2. Journalize any required entries from the bank reconciliation. (Record debits first, then credits. 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 Joumalize the NSF check. Date Accounts and Explanation Debit Credit Dec. 31 Journalize the EFT payment Date Accounts and Explanation Debit Credit Dec. 31 (Click the Click the icon to view the checkbook.) Donald's Cash account shows a balance of $17,650 at December 31. On December 31, Donald Insurance received the following bank statement: (Click the icon to view the December bank statement.) Read the regy Journalize the service charge. Accounts and Explanation Debit Credit Date Dec. 31 Journalize the entry to correct the error. Date Accounts and Explanation Debit Credit Dec. 31
