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Homework: Chapter 8 Lab Assignment The December cash records of Bully Insurance follow: Click the icon to view the checkbook.) Bully's Cash account shows a balance of $15,620 at December 31. On December 31, Buffy Insurance received the following bank statement: Click the loon to view the December bank statement.) Requirement 1. Prepare the bank reconciliation of Buty Insurance at December 31, 2024. Prepare the bank portion of the reconciliation, followed by the book portion of the reconciliation. Buffy Insurance Bank Reconciliation December 31, 2024 Bank: ADD LESS: $ 13,500 Bank Statement for December Beginning Balance Deposits and other Credits: 150 EFT S Dec. 1 4,190 Dec. 5 480 Dec. 10 550 Dec. 15 Dec. 18 2.000 1,300 8,670 Dec. 22 Checks and other Debits: NSF 200 Dec 8 800 Dec 11 (check nol 1416) EFT 930 Dec 19 220 Dec 660 Dec. 22 (check no. 1417) 29 (check no. 1418) 31 (check no. 1419) 1.950 Dec. 45 (4,805) SC Dec. 31 $ 17,365 Ending Balance Explanations: BC-bank collection: EFT-electronic funds transfer, NSF-nonsufficient funds checks; SC-service charge Print Done