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

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

The May 31 bank statement of Wood’s Healthcare has just arrived from Federal Bank. To prepare the bank reconciliation, you gather the following data. Data list:

Requirements

1. Prepare the bank reconciliation for Wood’s Healthcare at May 31, 2012.

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