Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Homework: Problem 7-28A Score: 0 of 30 pts P7-28A (similar to) 1 of 1 (0 complele)V HW S The August 31 bank statement of Winchester

image text in transcribed
image text in transcribed
image text in transcribed
Homework: Problem 7-28A Score: 0 of 30 pts P7-28A (similar to) 1 of 1 (0 complele)V HW S The August 31 bank statement of Winchester Healtheare has just arrived from State Bank. To prepare the bank reconciliation, you gather the following data EEB (Click the icon to view the data.) Requirement 1 Prepare the bank reconollation for Winchester Heathcare et August 31. 2018. Winchester Healthcare Bank Reconciliation August 31,2018 Bank ADD- LESS Choose trom any list or enter any number in the input fields and then ctick Check Answer Ch remaining Data Table a. The August 31 bank balance is $6,820. b. The bank statement includes two charges for NSF checks from customers One is for S300 (#1), and the other is for $140(2). The following Winchester Healthcare checks are outstanding at August 31: c. Check No. Amount 60 130 540 630 30 100 237 288 291 294 295 296 d. Winchester collects from a few customers by EFT. The August bank statement lists a $2.200 EFT deposit for a collection on account. The bank statement includes two special deposits that Winchester hasn't recorded yet $1000 for dividend revenue, and $20 for the interest revenue Winchester earned on its bank balance during August e. f. The bank statement lists a $90 subtraction for the bank service charge. g. On August 31, the Winchester treasurer deposited $270, but this deposit does not appear on the bank statement. h. The bank statement includes a $800 deduction for a check drawn by Multi-State Freight Company Winchester notified the bank of this bank error Winchester's Cash account shows a balance of $3.600 on August 31 i Pint Done Requirements 1. Prepare the bank reconciliation for Winchester Healthcare at August 31, 2018. 2. Journalize any required entries from the bank reconciliation. Include an explanation for each entry Print lDone

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The ASQ Auditing Handbook

Authors: J. P. Russell,

4th Edition

0873898478, 978-0873898478

More Books

Students also viewed these Accounting questions

Question

Pat Miranda, the new controller of vault hard drives

Answered: 1 week ago

Question

Identify ways to increase your selfesteem.

Answered: 1 week ago