P7-29

The August 31 bank statement of Wyndham Healthcare has just arrived from Unified Bank. To prepare the bank reconciliation, you gather the following data: Click the icon to view the data.) Read the requirements. Data table Requirements Requirement 1. Prepare the bank reconciliation for Wyndham Healthcare at August 31, 2024. Wyndham Healthcare Bank Reconciliation August 31, 2024 1. Prepare the bank reconciliation for Wyndham Healthcare at August 31, 2024. 2. Journalize any required entries from the bank reconciliation. Include an explanation for each entry. Bank: Print Done ADD LESS: a. The August 31 bank balance is $6,080 b. The bank statement includes two charges for NSF checks from customers. One is for $420 (#1), and the other is for $140 (#2). c. The following Wyndham Healthcare checks are outstanding at August 31: Check No. Amount Check No. 237 $ 90 Check No. 288 140 Check No. 291 540 Check No. 294 640 Check No. 295 60 Check No. 296 80 d. Wyndham 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 Wyndham hasn't recorded yet: $650 for dividend revenue, and $40 for the interest revenue Wyndham 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 Wyndham treasurer deposited $290, but this deposit does not appear on the bank statement. h. The bank statement includes a $200 deduction for a check drawn by Multi-State Freight Company. Wyndham notified the bank of this bank error. i. Wyndham's Cash account shows a balance of $3,000 on August 31. a