Homework: Chapter Score: 0 of 5 pts P7-34B (book/static) Save s 015 to complete
ID: 2545721 • Letter: H
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Homework: Chapter Score: 0 of 5 pts P7-34B (book/static) Save s 015 to complete I HW Score: 0%, 0 of 25 pt Question Helb The Ocrsber 31 bank statment ofWyndham Heathcare ha just arrived from State Bank To prepare the bank recanciiaticn, you gather the following data Read the rqutrmarts Requirement 1. Propare the bank reconcliation for yndham Heathcar at Octcber 31, 2018 Wyndham Healthcare Hank Reconciliation October 31, 2018 . The October 31 bank bakance is $6.290 ona ls tor S3/U (tli and the other is tor 31 %21 c. The falicwing Wyndham Healthcare checks are outstancingOctober 31 Check No. Amount 237 120 ACD 570 1. Prepare the bank reconiiaton for Wndham Healthcare at October 31. 2018. 110 xplanatien tar sach entry litsa $2,200 EFT dapost fora collsction cn account. racancad ytEr dvicand ravenua, and S1uu tor tha intanest ravenua Wyrcham sarmed on its bank balnce during October Pint Done a. On October 31, the yndham treasurer depoltsd 5270, but his deosit dose h. Tha bank atatament includea a srall daduction or a chack drawn by i. WyrdhsCh utsows b ance of $3,200 on Otub 31 Mul State Freight Compomy. Wyndham notfied the bank of thiz bank em Chcose trom any Ist or enter any number In the Input elds and then cick Check Answer.Explanation / Answer
BANK RECONCILIATION STATEMENT: Balance as per bank statement 6290 Adjustment: Add: Deposits in transit 270 Add: Error of debiting the check 750 1020 7310 Less: Oustanding Checks Check no. 237 120 Check no. 288 140 Checkno. 291 570 Check no. 294 570 Check no. 295 30 Check no.296 110 1540 Adjusted balance as per bank statement 5770 balance as per books 3200 Adjustment: Add: EFT deposit from customer 2200 Add: Interest credited by bank 100 Add: Dividend revenue 900 3200 6400 Less: NSF checks 550 Less: Service charges debited 80 -630 Adjusted balance as per books 5770 JOURNAL ENTRIES: Accounts title and explanations Debit $ Credit $ Cash Account Dr. 2200 Accounts receivable 2200 (for EFT transfer made) Cash Account 1000 Interest revenue Account 100 Dividend revenue Account 900 (for amount credited in bank) Accounts recievable Dr. 550 Cash Account 550 (for NSF check debited in bank) Service charges expense Dr. 80 Cash Account 80 (for charges levied)
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