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1. Prepare the bank reconciliation for Watson Healthcare at August 31,2024. 2. Journalize any required entries from the bank reconciliation. Include an explanation for each
1. Prepare the bank reconciliation for Watson Healthcare at August 31,2024. 2. Journalize any required entries from the bank reconciliation. Include an explanation for each entry. a. The August 31 bank balance is $4,300. b. The bank statement includes two charges for NSF checks from customers. One is for $370(#1), and the other is for $190(#2). c. The following Watson Healthcare checks are outstanding at August 31: d. Watson collects from a few customers by EFT. The August bank statement lists a $1,300EFT deposit for a collection on account. e. The bank statement includes two special deposits that Watson hasn't recorded yet: $850 for dividend revenue, and $20 for the interest revenue Watson eamed on its bank balance during August. f. The bank statement lists a $90 subtraction for the bank service charge. g. On August 31, the Watson treasurer deposited $320, but this deposit does not appear on the bank statement. h. The bank statement includes a $1,200 deduction for a check drawn by Multi-State Freight Company. Watson notified the bank of this bank error. 1. Watson's Cash account shows a balance of $2,700 on August 31 . The kugust 31 bank stalempect of Watsan Hosthcare has juat artwad tram Union Bark. To propare the bark teconeilabon, yoa gather I-e tolowing cata: Hin cCick the icori to view the ista.) Resd the Requirements. Requirement 1, Pyejare the Eank reocectation far Watson Hogthoare at August 31, 2024
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