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The August 31 bank statement of Wallace Healthcare has just arrived from Unified Bank: To prepare the bank reconciliation, you gather the following data (Click the icon to view the data ) Read the requirements Renuirement 1 Pranaro tha hank roreneiliation for Wallaro Healthrare at Ausuet 31.207A Requirement2. Journalize any required entsies from the bank reconciiation. Include an explanation for each: entry. (Record debits frst, then credits. Select the explanation on the last line of the journal entry table.) Degin by preparing the jousnal entry to record the EFI collection. Next, journalize the divend revenue. Journalize the interest fovenue. Joumalize the total NSF checks. (Record one joumal entry for both NSF checks.) Journalize the bank charges. a. The August 31 bank balance is $4,730 b. The bank statement includes two charges for NSF checks from customers One is for $420(#1), and the other is for $140 (\#2). c. The following Wallace Healthcare checks are outstanding at August 31 : d. Wallace collects from a few customers by EFT. The August bank statement lists a \$1,700 EFT deposit for a collection on account. e. The bank statement includes two special deposits that Wallace hasn't recorded yet $900 for dividend revenue, and $70 for the interest revenue Wallace earned on its bank balance during August. f. The bank statement lists a $110 subtraction for the bank service charge. g. On August 31, the Wallace treasurer deposited $300, but this deposit does not appear on the bank statement. h. The bank statement includes a $1,200 deduction for a check drawn by Multi-State Freight Company. Wallace notified the bank of this bank error. i. Wallace's Cash account shows a balance of $2,700 on August 31

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