The August 31 bank statement of Wood Healthcare has just arrived from Federal Bank. To prepare the bank reconciliation, you gather the following data: E (Click the icon to view the data.) Read the requirements Requirement 1. Prepare the bank reconciliation for Wood Healthcare at August 31, 2018. Data Table Wood Healthcare Bank Reconciliation August 31, 2018 Bank: ADD: LESS: a. The August 31 bank balance is $6,080, b. The bank statement includes two charges for NSF checks from customers. One is for $430 (#1), and the other is for $120 (#2). c. The following Wood Healthcare checks are outstanding at August 31: Check No. Amount 237 $ 100 288 140 291 590 294 610 295 40 296 100 d. Wood 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 Wood hasn't recorded yet: $1050 for dividend revenue, and $30 for the interest revenue Wood 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 Wood treasurer deposited $360, but this deposit does not appear on the bank statement. h. The bank statement includes a $1,200 deduction for a check drawn by Multi-State Freight Company. Wood notified the bank of this bank error. i. Wood's Cash account shows a balance of $3,500 on August 31. Requirements Print Done 1. Prepare the bank reconciliation for Wood Healthcare at August 31, 2018. 2. Joumalize any required entries from the bank reconciliation. Include an explanation for each entry Print Done Clear All