Prepare the bank reconciliation for WyndhamWyndham Healthcare at rOctober ?31, 2
ID: 2529820 • Letter: P
Question
Prepare the bank reconciliation for WyndhamWyndham Healthcare at rOctober ?31, 2018 The OctoberOctober 3131 bank balance is $ 6 comma 290$6,290. b. The bank statement includes two charges for NSF checks from customers. One is for $ 370$370 ?(#1), and the other is for $ 180$180 ?(#2). c. The following WyndhamWyndham Healthcare checks are outstanding at OctoberOctober 3131?: Check No. Amount 237 $ 120 288 140 291 570 294 570 295 30 296 110 d. WyndhamWyndham collects from a few customers by EFT. The OctoberOctober bank statement lists a $ 2 comma 200$2,200 EFT deposit for a collection on account. e. The bank statement includes two special deposits that WyndhamWyndham ?hasn't recorded? yet: $ 900$900 for dividend? revenue, and $ 100$100 for the interest revenue WyndhamWyndham earned on its bank balance during OctoberOctober. f. The bank statement lists a $ 80$80 subtraction for the bank service charge. g. On OctoberOctober ?31, the WyndhamWyndham treasurer deposited $ 270$270?, but this deposit does not appear on the bank statement. h. The bank statement includes a $ 750$750 deduction for a check drawn by? Multi-State Freight Company. WyndhamWyndham notified the bank of this bank error. i. WyndhamWyndham?'s Cash account shows a balance of $ 3 comma 200$3,200 on OctoberOctober 3131.
Explanation / Answer
Bank Reconcilation Balance as per Bank 6290 Balance as per Book 3200 Add: Add: Deposit in transit 270 Receivable collection 2200 Error by bank 750 Dividend revenue 900 Interest revenue 100 Deduct: Deduct Outstanding checks [120+140+570+570+30+110] (1540) NSF [370+180] (550) service charge (80) Adjusted bank balance 5770 Adjusted book balance 5770