3/Cickthe con to wew the data) Data Table t 1. a. The August 31 bank balance is

Question

3/Cickthe con to wew the data) Data Table t 1. a. The August 31 bank balance is $5,720 b. The bank statement includes two charges for NSF checks from customers One Bank Rec isfor S370 (#1) and the other is for $110(02) c. The following Winchester Healthcare checks are outstanding at August 31 237 50 120 ADD 291 570 100 lists a $1,600 EFT deposit for a collection on account from any list or enter any number in the input helds and then continue to the nexd. The bank statement includes tao special deposts that Winchester ecorded yet $850 for dividend revenue, and $20 for the interest revenue

Explanation / Answer

Answer 1. Winchester Healthcare Bank Recocilation Aug 31, 2018 Bank's Cash Balance Per Bank Statement            5,720.00 Add: Deposit not recorded by bank                         -              5,720.00 Less: Outstanding Checks: Chq No 237                  (50.00) Chq No 288                (120.00) Chq No 291                (600.00) Chq No 294                (570.00) Chq No 295                  (50.00) Chq No 296                (100.00)          (1,490.00) Bank Balance after Reconcilation            4,230.00 Answer 2. Journal Entry Date Particulars Dr. Amt. Cr. Amt. 31-Aug Cash    1,600.00     Accounts Receivable    1,600.00 (to record the EFT Collection) 31-Aug Cash       650.00    Dividend Revenue       650.00 (To record the dividend revenue) 31-Aug Cash          20.00    Interest Revenue          20.00 (To record the dividend revenue) 31-Aug Accounts Receivable       480.00    Cash       480.00 (To record the NSF Checks) 31-Aug Bank Charges No Data Provided    Cash (To record the bank charges)

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