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Requirement 1. Prepare the bank reconciliation for Western Healthcare at August 31, 2018. Western Healthcare Bank Reconciliation August 31, 2018 Bank: ADD: LESS: Books: 1
Requirement 1. Prepare the bank reconciliation for Western Healthcare at August 31, 2018. Western Healthcare Bank Reconciliation August 31, 2018 Bank: ADD: LESS: Books: 1 ADD: LESS: a. The August 31 bank balance is $5,760. b. The bank statement includes two charges for NSF checks from customers. One is for $410 (#1), and the other is for $150 (#2). c. The following Western Healthcare checks are outstanding at August 31: Check No. Amount 237 $ 140 288 210 291 530 294 660 295 50 296 120 d. Western collects from a few customers by EFT. The August bank statement lists a $2,100 EFT deposit for a collection on account. e. The bank statement includes two special deposits that Western hasn't recorded yet: $850 for dividend revenue, and $60 for the interest revenue Western earned on its bank balance during August. f. The bank statement lists a $20 subtraction for the bank service charge. g. On August 31, the Western treasurer deposited $330, but this deposit does not appear on the bank statement. h. The bank statement includes a $750 deduction for a check drawn by Multi-State Freight Company. Western notified the bank of this bank error. i. Western's Cash account shows a balance of $2,700 on August 31
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