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Homework: GRADED Chapter 8 HW Save Score: 0 of 1 pt 2 of 2 (0 complete) HW Score: 0%, 0 of 2 pts P8-28A (similar
Homework: GRADED Chapter 8 HW Save Score: 0 of 1 pt 2 of 2 (0 complete) HW Score: 0%, 0 of 2 pts P8-28A (similar to) Question Help O The August 31 bank statement of Wood Healthcare has just arrived from Union Bank. To prepare the bank reconciliation, you gather the following data: : (Click the icon to view the data.) Read the requirements. Requirement 1. Prepare the bank reconciliation for Wood Healthcare at August 31, 2018. Overview, question 2 of 2, 0 complete Wood Healthcare Bank Reconciliation Data Table August 31, 2018 Bank: ADD: Requirements LESS: a. The August 31 bank balance is $5,620. b. The bank statement includes two charges for NSF checks from cu One is for $430 (#1), and the other is for $90 (#2). c. The following Wood Healthcare checks are outstanding at August Check No. Amount Check No. 237 $ 130 Check No. 288 160 Check No. 291 510 Check No. 294 580 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. Print Done Check No. 295 20 Check No. 296 150 d. Wood collects from a few customers by EFT. The August bank statement lists a $1,500 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 $110 subtraction for the bank service charge. g. On August 31, the Wood treasurer deposited $300, but this deposit does not appear on the bank statement h. The bank statement includes a $900 deduction for a check drawn by Multi-State Freight Company. Wood notified the bank of this bank error. i. Wood's Cash account shows balance of $3,200 on August 31. Choose from any list or enter any number in the input fields and then click Check Ar ? parts 6 Pemaining Check
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