Transcribed image text : 3 Preparing a bank reconciliation and journal entries. The October 31 bank statement
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Transcribed image text : 3 Preparing a bank reconciliation and journal entries. The October 31 bank statement of White's Healthcare has just arrived from State Bank. To prepare bank reconciliation, you gather the following data: a. The October 31 bank balance is $5,170. b. The bank statement includes two charges for NSF checks from customers. One is for $420 (#1). and the other is for 5120 (#2). c. The following White's checks are outstanding at October 31: Check No. Amount 237 $ 90 288 150 291 580 294 590 295 10 296 150 d. White's collects from a few customers by EFT. The October bank statement lists a $1,400 EFT deposit for a collection on account e. The bank statement includes two special deposits that White's hasn't recorded yet $1,050 for dividend revenue and $50 for the interest revenue White's earned on its bank balance during October f. The bank statement lists a $70 subtraction for the bank service charge. g. On October 31, the White's treasurer deposited $290, but this deposit does not appear on the bank statement h. The bank statement includes a $700 deduction for a check drawn by Mulri-State Freight Company. White's notified the bank of this bank error. i. White's Cash account shows a balance of $2,700 On October 31. Requirements 1 Prepare the bank reconciliation for White's Healthcare at October 31, 2015. 2. Journalize any required entries from the bank reconciliation
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