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The October 31 bank statement of Wyndham Healthcare has just arrived from State Bank. To prepare the bank reconciliation, you gather the following data: E:
The October 31 bank statement of Wyndham Healthcare has just arrived from State Bank. To prepare the bank reconciliation, you gather the following data: E: (Click the icon to view the data.) Read the requirements - X Requirement 1. Prepare the bank reconciliation for Wyndham Healthcare at October 31, 2024. Data table Wyndham Healthcare Bank Reconciliation October 31, 2024 a. The October 31 bank balance is 56,290. b. The bank statement includes two charges for NSF checks from customers. One is for $370 (#1), and the other is for $180 (#2). c. The following Wyndham Healthcare checks are outstanding at October 31: Bank: ADD Check No. Amount Check No. 237 $ 120 140 Requirements Check No. 288 Check No. 291 Check No. 294 LESS 570 570 Check No. 295 30 1. Prepare the bank reconciliation for Wyndham Healthcare at October 31, 2024. 2. Journalize any required entries from the bank reconciliation. Include an explanation for each entry. Print Done Check No. 296 110 d. Wyndham collects from a few customers by EFT. The October bank statement lists a $2,200 EFT deposit for a collection on account. e. The bank statement includes two special deposits that Wyndham hasn't recorded yet: $900 for dividend revenue, and $100 for the interest revenue Wyndham earned on its bank balance during October. f. The bank statement lists a $80 subtraction for the bank service charge. g. On October 31, the Wyndham treasurer deposited $270, 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. Wyndham notified the bank of this bank error. i. Wyndham's Cash account shows a balance of $3,200 on October 31 Print Done
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