X i Data Table a. The August 31 bank balance is $5,790. b. The bank statement includes two charges for NSF checks from customers. One is for $430 (#1), and the other is for $90 (#2). c. The following Wood Healthcare checks are outstanding at August 31: Check No. Amount 237 $ 140 288 160 291 600 294 580 295 20 296 110 d. Wood collects from a few customers by EFT. The August bank statement lists a $1,700 EFT deposit for a collection on account. e. The bank statement includes two special deposits that Wood hasn't recorded yet: $900 for dividend revenue, and $80 for the interest revenue Wood eamed on its bank balance during August. f. The bank statement lists a $40 subtraction for the bank service charge. g. On August 31, the Wood treasurer deposited $340, but this deposit does not appear on the bank statement. Print Done i Data Table c. The following Wood Healthcare checks are outstanding at August 31: Check No. Amount 237 $ 140 288 160 291 600 294 580 295 20 296 110 d. Wood collects from a few customers by EFT. The August bank statement lists a $1,700 EFT deposit for a collection on account. e. The bank statement includes two special deposits that Wood hasn't recorded yet: $900 for dividend revenue, and $80 for the interest revenue Wood earned on its bank balance during August. f. The bank statement lists a $40 subtraction for the bank service charge. g. On August 31, the Wood treasurer deposited $340, but this deposit does not appear on the bank statement. h. The bank statement includes a $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 $2,600 on August 31. Print Done Requirements - Cancel 1. Prepare the bank reconciliation for Wood Healthcare at August 31, 2018. 2. Journalize any required entries from the bank reconciliation. Include an explanation for each entry. Print Done The August 31 bank statement of Wood Healthcare has just arrived from Federal Bank. To prepare the bank reconciliation, you gather the following data: (Click the icon to view the data.) Read the equirement Requirement 1. Prepare the bank reconciliation for Wood Healthcare at August 31, 2018. Wood Healthcare Bank Reconciliation August 31, 2018 Bank: ADD LESS: Books: ADD: LESS: Requirement 2. Joumalize any required entries from the bank reconciliation, Include an explanation for each entry. (Record debits first, then credits. Select the explanation on t Begin by preparing the journal entry to record the EFT collection Date Accounts and Explanation Debit Credit Aug. 31 Next, joumalize the dividend revenue. Date Accounts and Explanation Debit Credit Aug. 31 Journalize the interest revenue. Date Accounts and Explanation Debit Credit Aug. 31 Journalize the total NSF checks. (Record one joumal entry for both NSF checks.) Date Accounts and Explanation Debit Aug. 31 Credit Journalize the total NSF checks. (Record one joumal entry for both NSF checks. Date Accounts and Explanation Debit Credit Aug. 31 Journalize the bank charges. Date Accounts and Explanation Debit Credit Aug. 31
