2 of 33 cm P8-28A (similar to) The August 31 bank statement of Wood Healthcare hastived from Harrington Bank. To prepare the bank reconciation, you gather the following data: Click the icon to view the data) Read the require August 31, 2018 Bank: Balance August 31, 2018 ADD Depost in transit Correction of bankror $ 5,350 $ 270 1.200 1470 0.020 LESS Outstanding checks 237 288 291 294 205 120 540 60 1,490 5330 3 200 Adjusted bank balance August 31, 2018 Books Balance, August 31, 2018 ADO Dark collection of dividend revenge Interest revenus bank balance EFT receipt from customer 2.700 1100 100 2.000 3.200 6.100 370 Ncheck) No check Service charge Add book bance, August 31, 2018 170 30 070 5.330 Requirement 2. Journalve any quedanties from the bank reconciliation. Include an explanation for each entry(od debit first, then credit wheeplantion on the lastne of the Begin by preparing the journal anby record the collection Date Accounts and Explanation Debit Credit Aug. 31 OU 1,490 5.330 Adjusted bank balance, August 31, 2018 Books: Balance, August 31, 2018 ADD: Bank collection of dividend revenue Interest revenue on bank balance S 2,700 $ 1.100 100 EFT receipt from customer 2,000 3.200 5,900 LESS: NSF check (#1) 370 NSF check (#2) 170 Service charge 30 570 Adjusted book balance, August 31, 2018 $ 5,330 Requirement 2. Journalize any required entries from the bank reconciliation. Include an explanation for each entry. (Record debit Begin by preparing the journal entry to record the EFT collection Date Accounts and Explanation Debit Credit Aug. 31 Choose from any list or enter any number in the input fields and then click Check Answer. 4 parts remaining 0 Data Table X a. The August 31 bank balance is $5,350 b. The bank statement includes two charges for NSF checks from customers. One is for $370 (#1). and the other is for $170 (#2). c. The following Wood Healthcare checks are outstanding at August 31: Check No. Amount 237 $ 90 288 120 291 540 294 620 295 60 296 60 d. Wood collects from a few customers by EFT. The August bank statement lists a $2,000 EFT deposit for a collection on account. e. The bank statement includes two special deposits that Wood hasn't recorded yet: $1100 for dividend revenue, and $100 for the interest revenue Wood earned on its bank balance during August. f. The bank statement lists a $30 subtraction for the bank service charge. g. On August 31, the Wood treasurer deposited $270, 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. Wood notified the bank of this bank error. 1 Wood's Cash account shows a balance of $2,700 on August 31. tion for each entry. (Record debits first, the Print Done it 0 TO PO -90 1 Requirements 130 F00 1. Prepare the bank reconciliation for Wood Healthcare at August 31, 2018. 2. Journalize any required entries from the bank reconciliation. Include an explanation for each entry 200 Print Done 900 570 330 explanation for each entry. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Credit