The August 31 bank statement of Winchester Healthcare has just arrived from Perington Bank. To prepare the bank reconciliation, you gather the following data: (Click the icon to view the data.) Data Table Read the requirements. Requirement 1. Prepare the bank reconciliation for Winchester Healthcare at August 31, 2018. Winchester Healthcare Bank Reconciliation August 31, 2018 a. The August 31 bank balance is $6,370. b. The bank statement includes two charges for NSF checks from customers. One is for $340 (#1), and the other is for $130 (#2). c. The following Winchester Healthcare checks are outstanding at August 31: Check No. Amount Bank: 237 $ 110 6370 Balance, August 31, 2018 ADD: Deposit in transit 288 170 300 291 510 Correction of bank error 600 294 580 295 30 LESS: Outstanding checks 237 288 291 294 296 90 d. Winchester 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 Winchester hasn't recorded yet: $600 for dividend revenue, and $70 for the interest revenue Winchester 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 Winchester treasurer deposited $300, 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. Winchester notified the bank of this bank error. i. Winchester's Cash account shows a balance of $3,400 on August 31. 295 296 Adjusted bank balance, August 31, 2018 Books: ADD: Print Done LESS: 1. Prepare the bank reconciliation for Winchester Healthcare at August 31, 2018. 2. Journalize any required entries from the bank reconciliation. Include an explanation for each entry. Print Done 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.) Begin by preparing the journal entry to record the EFT collection. Date Accounts and Explanation Debit Credit Aug. 31 Next, journalize the dividend revenue. Requirement 2. Journalize any required entries from the bank reconciliation. Include an explanation for each er table.) b. The bank statement includes two charges for NSF checks from customers. One is for $340 (#1), and the other is for $130 (#2). c. The following Winchester Healthcare checks are outstanding at August 31: Begin by preparing the journal entry to record the EFT collection. Check No. Amount Date Accounts and Explanation Debit Credit 237 $ 110 Aug. 31 288 170 291 510 294 580 295 30 Next, journalize the dividend revenue. Date Accounts and Explanation Debit Credit Aug. 31 296 90 d. Winchester 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 Winchester hasn't recorded yet: $600 for dividend revenue, and $70 for the interest revenue Winchester 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 Winchester treasurer deposited $300, 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. Winchester notified the bank of this bank error. i. Winchester's Cash account shows a balance of $3,400 on August 31. Journalize the interest revenue. Date Accounts and Explanation Debit Credit Print Done Aug. 31 1. Prepare the bank reconciliation for Winchester Healthcare at August 31, 2018. 2. Journalize any required entries from the bank reconciliation. Include an explanation for each entry. Journalize the total NSF checks. (Record one journal entry for both NSF checks.) Print Done 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
