P7-27A (similar to) Question Requirements The December cash records of Duffy Ins

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P7-27A (similar to) Question Requirements The December cash records of Duffy Insurance follow: EEB (Click the icon to view the checkbook.) Duffy's Cash account shows a balance of $16,740 at December 1. Prepare the bank reconciliation of Duffy Insurance at December 31, 2018 received the following bank statement: EEB (Click the icon to view the December bank statement.) tion.) 2. Journalize any required entries from the bank reconciliation. Print Done Requirement 1. Prepare the bank reconciliation of Duffy Insur Prepare the Data Table Data Table Bank Statement for December Cash Receipts Date Cash Debit Dec. 4 $ Cash Payments Bank: Beginning Balance Deposits and other Credits S 14,300 Check No. Cash Credit 4,230 480 500 1,950 1,800 1416 S 1417 1418 1419 1420 1421 1422 790 160 720 1,590 1.450 1,200 610 ADD Dec. 1 Dec 5 Dec. 10 Dec. 15 Dec. 18 Dec. 22 EFT $ 250 4,230 480 500 1,950 BC 2.100 14 17 31 LESS 9,510 Checks and other Debits 300 790 EFT 475 160 720 1,950 45 NSF Dec. 8 Dec. 11 (check no. 1416) Dec 19 Dec. 22 (check no. 1417) Dec. 29 (check no. 1418) Dec. 31 (check no. 1419) Dec. 31 PrintDone SC (4,440) S 19,370 Ending Balance Choose from Explanations: BC-bank collection; EFT-electronic funds transfer NSF-nonsufcient funds checks; SC-service charge Clear All Check Answer remaining

Explanation / Answer

DUFFY INSURANCE

BANK RECONCILATION STATEMENT

FOR THE PERIOD ENDED DECEMBER 31 2018

2)for journal enteries need detail information for EFT ,bank collection

DUFFY INSURANCE

BANK RECONCILATION STATEMENT

FOR THE PERIOD ENDED DECEMBER 31 2018

Balance as per Bank 19370 Balance as per Book 16740 Add: Add: Deposit in transit 1800 Bank collection 2100 EFT 250 Less: Less: outstanding checks NSF returned (300) chk no 1420 (1450) error in recording chk no. 1419 [1950-1590] (360) 1421 (1200) service charge (45) 1422 (610) EFT (475) Adjusted balance 17910 Adjusted balance 17910

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