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The December cash records of Dunlap Insurance follow: (Click the icon to view the checkbook.) Dunlap's Cash account shows a balance of $16,220 at December 31. On December 31, Dunlap Insurance received the following bank statement: (Click the icon to view the December bank statement.) Requirement 1. Prepare the bank reconciliation of Dunlap Insurance at December 31, 2024. Prepare the bank portion of the reconciliation, followed by the book portion of the reconciliation. 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. Journalize the collection of the note. Journalize the NSF check. Journalize the service charge. Journalize the entry to correct the error. Data table Requirements 1. Prepare the bank reconciliation of Dunlap Insurance at December 31, 2024. 2. Journalize any required entries from the bank reconciliation. Data table 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 $1,300 bank collection was for a note receivable. d. The correct amount of check no. 1419 , for rent expense, is $1,950. Dunlap's controller mistakenly recorded the check for $1,590. Explanations: BC-bank collection; EFT-electronic funds transfer; NSF-nonsufficient funds checks; SC-service charge

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