ance to $425. Include 3. Make the entry on October 1 to increase the fund balance to s. explanation. 7-33B Preparing a bank reconciliation and journal entries The May cash records of Donald Insurance follow: $ 890 Cash Receipts Date Cash Debit May 4 $ 4,230 520 530 1,950 1,840 Cash Payments Check No. Cash Credit 1416 1417 120 1418 630 1419 1,090 1420 1,420 1421 900 1422 670 Internal Control an Cash account shows a balance of $17750 17,750 at May 31. On May 31, Donald fasurance received the following bank following bank statement: Bank Statement for May $ 14,400 EFT 5450 4.230 520 530 1,950 1,700 BC Beginning Balance Deposits and other Credits: May 1 May 5 May 10 May 15 May 18 May 22 Checks and other Debits: May 8 May 11 (check no. 1416) May 19 May 22 (check no. 1417) May 29 (check no. 1418) May 31 (check no. 1419) May 31 Ending Balance 9,380 NSF 1,100 890 375 EFT 120 630 1.900 (5.050 $ 18.730 Explanations: BC-bank collection: EFT-electronic funds transfer: NSF-nonsufficient funds checks: SC-service charge Additional data for the bank reconciliation follow a. The EFT credit was a receipt of rent. The EFT dobit was an insurance payment. b. The NSF check was received from a customer. c. The $1,700 bank collection was for a note receivable. d. The correct amount of check 1419, for rent expense, is $1,900. Donald's controller mistakenly recorded the check for $1,090. Requirements Learning Obje 1. Prepare the bank reconciliation of Donald Insurance at May 31, 2018 2. Journalize any required entries from the bank reconciliation iliation and journal entries from State