how to prepare a bank reconciliation and journal entries. the august 31 bank statement of Watson healthcare has just arrived from united bank. to prepare the bank reconciliation, you must gather the following data;

a:the august 31 bank balance is 5630

b:the bank statement includes two charges for nsf checks from customers .one is for 390,and the other is for 140(2).

c: the following Watson checks are outstanding at august 31

check no. amount

237 90

288 160

291 550

294 620

295 10

296 100

d:Watson collects from a few customers by EFT. the august bank statement lists a 1,700 EFT 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 60 for the interest revenue Watson earned on its bank balance during august.

f:the bank statement lists a 70 subtraction for the bank service charge.

g:on august 31 the the Watson treasurer deposited 310, but the this deposit does not appear on the bank statement.

h:the bank statement includes a 700 deduction for a check drawn by multi state freight company. watson notified the bank of this bank error.

i:Watson cash account shows a balance of 3,100 on august 31