Requirement 1. Prepare the bank reconciliation for Wollaston Healthcare at August ?31, 2018.
Requirement 2. Journalize any required entries from the bank reconciliation. Include an explanation for each entry. ?(Record debits?first, then credits. Select the explanation on the last line of the journal entry?table.)
Data Table X a. The August 31 bank balance is $6, 140 b. The bank statement includes two charges for NSF checks from customers. One is for $400 (#1), and the other is for $120 (#2) c. The following Wollaston Healthcare checks are outstanding at August 31 Check No. Amount Check No. 237 40 Check No. 288 60 Check No. 291 510 Check No. 294 650 Check No. 295 60 Check No. 296 50 d. Wollaston collects from a few customers by EFT. The August bank statement lists a $1,800 EFT deposit for a collection on account. e. The bank statement includes two special deposits that Wollaston hasn't recorded yet: $850 for dividend revenue, and $50 for the interest revenue Wollaston earned on its bank balance during August. f. The bank statement lists a $70 subtraction for the bank service charge g. On August 31, the Wollaston treasurer deposited $340, but this deposit does not appear on the bank statement. h. The bank statement includes a $400 deduction for a check drawn by Multi-State Freight Company. Wollaston notified the bank of this bank error Wollaston's Cash account shows a balance of $3,300 on August 31. Print Done the next question.Journalize the total NSF checks. (Record one journal entry for both NSF checks.) Date Accounts and Explanation Debit Credit Aug. 31 Journalize the bank charges. Date Accounts and Explanation Debit Credit Aug. 31 Choose from any list or enter any number in the input fields and then continue to the next question Type here to search OTest: Exam 4 - Chapters 7 and 8 This Question: 14 pts The August 31 bank statement of Wollaston Healthcare has just arrived from State Bank. To prepare the bank (Click the icon to view the data.) Read the requirements Requirement 2. Journalize any required entries from the bank reconciliation. Include an explanation for each ent Begin by preparing the journal entry to record the EFT collection. Date Accounts and Explanation Debit Credit Aug. 31 Next, journalize the dividend revenue. Date Accounts and Explanation Debit Credit Aug. 31 Journalize the interest revenue. Date Accounts and Explanation Debit Credit Aug. 31 Choose from any list or enter any number in the input fields and then continue to the next question Type here to search OTest: Exam 4 - Chapters 7 and 8 This Question: 14 pts The August 31 bank statement of Wollaston Healthcare has just arrived from State Bank. To prepare th (Click the icon to view the data.) Read the requirements. Requirement 1. Prepare the bank reconciliation for Wollaston Healthcare at August 31, 2018. i Wollaston Healthcare Bank Reconciliation August 31, 2018 a. Bank: b . C. ADD LESS d. W list e. The rec Wo Books: f. The g. On not a ADD h. The Multi- i. Wolla LESS Choose from any list or enter any number in the input fields and then continue to the next question. Type here to search O
