296

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d. Well collects from a few customers by EFT. The August bank statement

lists a $1,200 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 bank error.

i. Well's Cash account shows a balance of $2,800 on August 31.

Requirements

1. Prepare the bank reconciliation for Well Healthcare at August 31,

2024.

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