The December cash records of Dunlap Insurance follow:

Dunlap's Cash account shows a balance of $16,740 at December 31. On
December 31, Dunlap Insurance received the following bank statement:

Additional data for the bank reconciliation follows:
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 $1,400 bank collection was for a note receivable.
d. The correct amount of check 1419 for rent expense is $1,940. Dunlap's controller mistakenly recorded the check for $1,490.
Requirements
1. Prepare the bank reconciliation of Dunlap Insurance at December 31, 2012.
2. Journalize any required entries from the bankreconciliation.

Transcribed Image Text:

Cash Receipts Cash Payments Cash Debit Check No. Cash Credit Date %24 Dec 4 $ 4,170 1416 860 510 1417 130 14 530 1418 650 17 2,180 1419 1,490 1420 1,440 31 1,850 1421 900 1422 630