P7-34B (similar to) Question Help The August 31 bank statement of Watson 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 Watson Healthcare at August 31, 2018. Watson Healthcare Bank Reconciliation August 31, 2018 Bank: ADD: LESS: Choose from any list or enter any number in the input fields and then click Check Answer. 6 parts remaining Clear All Check Answer i Data Table a. The August 31 bank balance is $6,710. b. The bank statement includes two charges for NSF checks from customers. One is for $430 (#1), and the other is for $100 (#2). c. The following Watson Healthcare checks are outstanding at August 31: Check No. Amount 237 288 291 294 295 296 120 110 550 640 40 130 d. Watson collects from a few customers by EFT. The August bank statement lists a $2,200 EFT deposit for a collection on account. $ - X e. The bank statement includes two special deposits that Watson hasn't recorded yet: $850 for dividend revenue, and $90 for the interest revenue Watson earned on its bank balance during August. f. The bank statement lists a $100 subtraction for the bank service charge. g. On August 31, the Watson treasurer deposited $290, but this deposit does not appear on the bank statement. h. The bank statement includes a $600 deduction for a check drawn by Multi-State Freight Company. Watson notified the bank of this bank error. i. Watson's Cash account shows a balance of $3,500 on August 31. Drint Dono iRequirements 1. Prepare the bank reconciliation for Watson Healthcare at August 31, 2018. 2. Journalize any required entries from the bank reconciliation. Include an explanation for each entry. Print Done x