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The August 31 bank statement of Whitbold Healthcare has just arrived from Perington Bank. To prepare the bank reconciliation, you gather the following data:
The August 31 bank statement of Whitbold Healthcare has just arrived from Perington 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 Whitbold Healthcare at August 31, 2024. Whitbold Healthcare Bank Reconciliation August 31, 2024 Bank: ADD: LESS: Requirements 1. Prepare the bank reconciliation for Whitbold Healthcare at August 31, 2024. 2. Journalize any required entries from the bank reconciliation. Include an explanation for each entry. Data table a. The August 31 bank balance is $6,410. b. The bank statement includes two charges for NSF checks from customers. One is for $350 (#1), and the other is for $110 (#2). C. The following Whitbold Healthcare checks are outstanding at August 31: Check No. Amount Check No. 237 $ 100 Check No. 288 180 Check No. 291 520 Check No. 294 590 Check No. 295 40 Check No. 296 80 d. Whitbold collects from a few customers by EFT. The August bank statement lists a $2,200 EFT deposit for a collection on account. e. The bank statement includes two special deposits that Whitbold hasn't recorded yet: $1000 for dividend revenue, and $20 for the interest revenue Whitbold 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 Whitbold treasurer deposited $360, but this deposit does not appear on the bank statement. h. 1. The bank statement includes a $900 deduction for a check drawn by Multi-State Freight Company. Whitbold notified the bank of this bank error. Whitbold's Cash account shows a balance of $3,500 on August 31. Se
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