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balance of $17,390 at December surance received the following Read the requirements. i Data Table - X he Cash Receipts Cash Payments Date Cash Debit Check No. Cash Credit Dec. 4 $ B 4,260 1416 $ 890 9 520 1417 170 14 530 1418 690 18 17 2,300 1419 790 31 1,780 1420 1,500 1421 1,000 oks 1422 660 Print Done 000 December 31, 2018 enter any number in the innu Que i Data Table bllow forma Bank Statement for December Beginning Balance Deposits and other Credits: $ 13,700 Dec. 1 EFT $ 100 Dec. 5 4,260 Dec. 10 520 Dec. 15 530 Dec. 18 2,300 1,800 Dec. 22 BC 9,510 Checks and other Debits: Dec. 8 Ta NSF 600 Dec. 11 (check no. 1416) 890 g Dec. 19 EFT 275 Dec. 170 Dec. 22 (check no. 1417) 29 (check no. 1418) 31 (check no. 1419) 690 Dec 970 Dec. 31 anc SC 15 (3,610) ist Rrint *Done Quest Ihre 0 Data Table bllow: formatic to v ant 31, Dec. 1 EFT $ 100 Dec. 5 4,260 to v Dec. 10 520 Dec. 15 530 Prepa Dec. 18 portid 2,300 1,800 Dec. 22 . 9,510 Checks and other Debits: Dec. 8 NSF 600 Dec. 11 (check no. 1416) 890 Dec. 19 EFT mber 3 275 Dec. 170 sit in tra Dec. 22 (check no. 1417) 29 (check no. 1418) 31 (check no. 1419) 31 690 Dec. 970 tanding Dec. SC 15 (3,610) Ending Balance $ 19,600 2 Explanations: BC-bank collection, EFT-electronic funds transfer, nk balanc any listo Rrint *Done at 1.1 More Info bank 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. Buffy's controller mistakenly recorded the check for $790. Decem Deposit Print Done Outstan 1420 1,500 1421 1 nnn Question He The December cash records of Buffy Insurance follow: Click the icon to view the checkbook.) Buffy's Cash account shows a balance of $17,390 at December 31. On December 31, Buffy 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 requirements. Requirement 1. Prepare the bank reconciliation of Buffy Insurance at December 31, 2018 Prepare the bank portion of the reconciliation, followed by the book portion of the reconciliation Buffy Insurance Bank Reconciliation December 31, 2018 Bank: Balance, December 31, 2018 S100 ADD: Deposit in transit 51400 LESS Outstanding checks 1420 1421 1,500 $30 1,000 1422 660 SI 000 0 Adjusted bank balance, December 31, 2018 Choose from any list or enter any number in the input fields and then continue to the next question, 5700 Additional data for the bank reconciliation follow: Click the icon to view the additional information. The December cash records of Buffy Insurance follow: (Click the icon to view the checkbook.) Buffy's Cash account shows a balance of $17,390 at December 31. On December 31, Buffy Insurance received the following bank statement: (Click the icon to view the December bank statement.) Read the requirements. LESS: Outstanding checks 1420 1,500 1421 5 1,000 1422 660 Adjusted bank balance, December 31, 2018 Books: Balance, December 31, 2018 ADD: Bank collection of note receivable EFT collection of rent 0 30 LESS: NSF check Service charge EFT payment of insurance Correction of bank error .000 Choose from any list or enter any number in the input fields and then continue to the riext question, 5700 the Buity Insurance follow: Additional data for the bank reconciliation follow: (Click the icon to view the checkbook.) Click the icon to view the additional information.) Buffy's Cash account shows a balance of $17,390 at December 31. On December 31, Buffy Insurance received the following Read the requirements. bank statement: (Click the icon to view the December bank statement.) 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 Cash Rent Revenue 00 To record rent collection by EFT 400 Journalize the collection of the note. Date Accounts and Explanation Debit Credit $30 Dec. 31 Cash Notes Receivable $1,000 Chnnen forma Additional data for the bank reconciliation follow: Click the icon to view the additional information.) Read the requirements The December cash records of Buffy Insurance follow: (Click the icon to view the checkbook.) Buffy's Cash account shows a balance of $17,390 at December 31. On December 31, Buffy Insurance received the following bank statement: Click the icon to view the December bank statement.) Journalize the collection of the note. Date Accounts and Explanation Dec. 31 Cash Notes Receivable Debit Credit Note receivable collected by bank. Journalize the NSF check. Date Debit Credit Dec. 31 Accounts and Explanation Accounts Receivable Cash 10 NSF check returned by, bank. Choose from any list or enter any number in the input fields and then continue to the riext question, S700 Additional data for the bank reconciliation follow: Click the icon to view the additional information.) Read the requirements. The December cash records of Buffy Insurance follow: (Click the icon to view the checkbook.) Buffy's Cash account shows a balance of $17,390 at December 31. On December 31, Buffy Insurance received the following bank statement: Click the icon to view the December bank statement.) Journalize the EFT payment. Date Accounts and Explanation Dec. 31 Insurance Expense Cash Debit Credit 100 To record payment of insurance bill by EFT. Journalize the service charge. Date Accounts and Explanation Dec. 31 Bank Expense Cash Debit Credit 1,400 S30 SI 000 To record bank service charges incurred. Choose from any list or enter any number in the input fields and then continue to the riext question. Question Help Additional data for the bank reconciliation follow: Click the icon to view the additional information.) Read the requirements The December cash records of Buffy Insurance follow: (Click the icon to view the checkbook.) Buffy's Cash account shows a balance of $17,390 at December 31. On December 31, Buffy Insurance received the following bank statement: Click the icon to view the December bank statement.) Journalize the service charge. Date Accounts and Explanation Dec. 31 Bank Expense Cash Debit Credit To record bank service charges incurred. Journalize the entry to correct the error. Date Accounts and Explanation Dec. 31 Rent Expense Cash Debit Credit 20 To record error on check 1419

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