Assignment Problem: Preparing Bank reconciliation and journal entries the August 31 bank statement of well healthcare has just arrived from united Bank to prepare the bank reconciliation you gather the following data
a. the august 31 bank balance is $4,540
b. The bank statement includes two charges for NSF checks from customer one is for $380 (#1) and the other is for $180(#2).
c. The following well healthcare checks are outstanding at August 31
check # Amount
237 $80
288 190
291 570
294 600
295 30
296 70
d. Well collects from a few customers by eft .The august bank statement list a $1200 EFT deposit for a collection on account.
e. The bank statement includes two special deposits that well hasn't recorded yet. $800 for dividend revenue and 120 for the interest revenue well earned on its bank balance during august.
f. The bank statement lists a $50 subtraction for the bank service charge
g. on August 31,the well treasurer deposited $260, but this deposit does not appear on the bank statement
h. The bank statement includes a $1,050 deduction for a check drawn by multi-state freight company. Well notified the bank of this error
i. Well's cash account shows a balance of 2800 on August 31.
Requirement:
Question 1: Prepare bank reconciliation for well healthcare at august 31, 2018.
Question 2: Journalize any required entries from the bank reconciliation include an explanation for each entry.
Our Bank Reconciliation Assignment Help service is the most prominent in the industry and the one, which students often require, in order to get rid of all your academic troubles and worries in no time at a pocket friendly price.
Tags: Bank Reconciliation Assignment Help, Bank Reconciliation Homework Help, Bank Reconciliation Coursework, Bank Reconciliation Solved Assignments, Journal Entries Assignment Help, Journal Entries Homework Help