(L.OBJ. 6) Preparing a bank reconciliation and journal entries [20 min] The August 31 b...

(L.OBJ. 6) Preparing a bank reconciliation and journal entries [20 min]

The August 31 bank statement of Watson’s Healthcare has just arrived from Union Bank. To prepare the bank reconciliation, you gather the data on the following page.

Data list:

Requirements

1. Prepare the bank reconciliation for Watson’s Healthcare at August 31, 2012.

2. Journalize any required entries from the bank reconciliation. Include an explanation for each entry.