Learning o required entries from the bank reconciliation P7-34B Preparing a bank reconciliation and journal entries The October 31 bank statement of Wyndham's Healthcare has just arrived from State Bank. To prepare the bank reconciliation, you gather the following data: a. The October 31 bank balance is $6,290. b. The bank statement includes two charges for NSF checks from customers. One is for $370 (#1), and the other is for $180 (#2). 1. Book Dedt c. The following Wyndham's checks are outstanding at October 31: Bank Less Amount Check No. $ 120 237 140 288 291 294 295 570 570 30 296 110 d. Wyndham's collects from a few customers by EFT. The October bank statement lists a $2,200 EFT deposit for a collection on account. e. The bank statement includes two special deposits that Wyndham's hasn't recorded yet: $900 for dividend revenue and $100 for the interest revenue Wyndham's earned on its bank balance during October. f. The bank statement lists a $80 subtraction for the bank service charge. g. On October 31, the Wyndham's treasurer deposited $270, but this deposit does not appear on the bank statement. Balampe h. The bank statement includes a $750 deduction for a check drawn by Multi-State Freight Company. Wyndham's notified the bank of this bank error. i. Wyndham's Cash account shows a balance of $3,200 on October 31. Requirements 1. Prepare the bank reconciliation for Wyndham's Healthcare at October 31, 2018. 2. Journalize any required entries from the bank reconciliation. Include an explanation for each entry. P7-34B Requirement 1 WYNDHAM'S HEALTHCARE Bank Reconciliation October 31, 2018 BOOK $6,290 Balance, October 31 BANK Balance, October 31 $3,200 ADD: ADD: 1. Deposit in transit 1 Requirement 2 Date Oct. 31 Accounts and Explanation Debit Credit 31 31 31 31