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P-F:7-29A Preparing a bank reconciliation and journal entries I The August 31 bank statement of Well Healthcare has just arrived from United Bank. prepare the

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P-F:7-29A Preparing a bank reconciliation and journal entries I The August 31 bank statement of Well Healthcare has just arrived from United Bank. prepare the bank reconciliation, you gather the following data: a. The August 31 bank balance is $4,540. b. The bank statement includes two charges for NSF checks from customers. One is for $380 (#1), and the other is for $180 (#2). c. The following Well Healthcare checks are outstanding at August 31: Check No. Amount 237 $ 80 288 190 291 294 570 600 295 30 296 70 d. Well collects from a few customers by EFT. The August bank statement lists a $1,200 EFT deposit for a collection on account. e. The bank statement includes two special deposits that Well hasn't recorded yet: $800 for dividend revenue, and $120 for the interest revenue Well earned on its I bank balance during August. f. The bank statement lists a $50 subtraction for the bank service charge. g. On August 31, the Well treasurer deposited $260, but this deposit does not appear on the bank statement. h. The bank statement includes a $1,050 deduction for a check drawn by Multi-State Freight Company. Well notified the bank of this bank error. i. Well's Cash account shows a balance of $2,800 on August 31. Requirements 1. Prepare the bank reconciliation for Well Healthcare at August 31, 2024. 2. Journalize any required entries from the bank reconciliation. Include an explana- tion for each entry

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