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1 Requirements 1. Prepare the bank reconciliation for Wollen Healthcare at August 31, 2018. 2. Journalize any required entries from the bank reconciliation. Include an
1 Requirements 1. Prepare the bank reconciliation for Wollen Healthcare at August 31, 2018. 2. Journalize any required entries from the bank reconciliation. Include an explanation for each entry. Print Done Data Table a. The August 31 bank balance is $5,760. b. The bank statement includes two charges for NSF checks from customers. One is for $390 (#1), and the other is for $170 (#2). c. The following Wollen Healthcare checks are outstanding at August 31: Check No. Amount 237 $ 60 288 150 291 550 294 650 295 40 296 90 d. Wollen collects from a few customers by EFT. The August bank statement lists a $1,400 EFT deposit for a collection on account. e. The bank statement includes two special deposits that Wollen hasn't recorded yet: $650 for dividend revenue, and $70 for the interest revenue Wollen earned on its bank balance during August. f. The bank statement lists a $60 subtraction for the bank service charge. g. On August 31, the Wollen treasurer deposited $280, but this deposit does not appear on the bank statement. h. The bank statement includes a $200 deduction for a check drawn by Multi-State Freight Company. Wollen notified the bank of this bank error. i. Wollen's Cash account shows a balance of $3,200 on August 31. Print Done The August 31 bank statement of Wollen Healthcare has just arrived from Harrington Bank. To prepare the bank reconciliation, you gather the following data: B (Click the icon to view the data.) Read the requirements. Requirement 1. Prepare the bank reconciliation for Wollen Healthcare at August 31, 2018. Wollen Healthcare Bank Reconciliation August 31, 2018 Bank: ADD: LESS
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