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Del Gato Clinic deposits all cash receipts on the day when they are received and it makes all cash pay- Exercise 8-9 ments by check. At the close of business on June 30, 2015, its Cash account shows an $11,589 debit bal- ance. Del Gato Clinic's June 30 bank statement shows $10,555 on deposit in the bank. Prepare a bank P3 reconciliation for Del Gato Clinic using the following information: a. Outstanding checks as of June 30 total $1,829. Bank reconciliation b. The June 30 bank statement included a $16 debit memorandum for bank services. c. Check No. 919, listed with the canceled checks, was correctly drawn for $467 in payment of a utility bill on June 15. Del Gato Clinic mistakenly recorded it with a debit to Utilities Expense and a credit to Cash in the amount of $476. d. The June 30 cash receipts of $2,856 were placed in the bank's night depository after banking hours and were not recorded on the June 30 bank statement. Check Reconciled bal. $11,582

Del Gato Clinic deposits all cash receipts on the day when they are received and it makes all cash pay- Exercise 8-9 ments by check. At the close of business on June 30, 2015, its Cash account shows an $11,589 debit bal- ance. Del Gato Clinic's June 30 bank statement shows $10,555 on deposit in the bank. Prepare a bank P3 reconciliation for Del Gato Clinic using the following information: a. Outstanding checks as of June 30 total $1,829. Bank reconciliation b. The June 30 bank statement included a $16 debit memorandum for bank services. c. Check No. 919, listed with the canceled checks, was correctly drawn for $467 in payment of a utility bill on June 15. Del Gato Clinic mistakenly recorded it with a debit to Utilities Expense and a credit to Cash in the amount of $476. d. The June 30 cash receipts of $2,856 were placed in the bank's night depository after banking hours and were not recorded on the June 30 bank statement. Check Reconciled bal. $11,582

College Accounting (Book Only): A Career Approach
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter6: Bank Accounts, Cash Funds, And Internal Controls
Section: Chapter Questions
Problem 1PB
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Del Gato Clinic deposits all cash receipts on the day when they are received and it makes all cash pay- Exercise 8-9 ments by check. At the close of business on June 30, 2015, its Cash account shows an $11,589 debit bal- Bank reconciliation ance. Del Gato Clinic's June 30 bank statement shows $10,555 on deposit in the bank. Prepare a bank P3 reconciliation for Del Gato Clinic using the following information: a. Outstanding checks as of June 30 total $1,829. b. The June 30 bank statement included a $16 debit memorandum for bank services. c. Check No. 919, listed with the canceled checks, was correctly drawn for $467 in payment of a utility bill on June 15. Del Gato Clinic mistakenly recorded it with a debit to Utilities Expense and a credit to Cash in the amount of $476. d. The June 30 cash receipts of $2,856 were placed in the bank's night depository after banking hours and were not recorded on the June 30 bank statement. Check Reconciled bal. $11,582
Transcribed Image Text:Del Gato Clinic deposits all cash receipts on the day when they are received and it makes all cash pay- Exercise 8-9 ments by check. At the close of business on June 30, 2015, its Cash account shows an $11,589 debit bal- Bank reconciliation ance. Del Gato Clinic's June 30 bank statement shows $10,555 on deposit in the bank. Prepare a bank P3 reconciliation for Del Gato Clinic using the following information: a. Outstanding checks as of June 30 total $1,829. b. The June 30 bank statement included a $16 debit memorandum for bank services. c. Check No. 919, listed with the canceled checks, was correctly drawn for $467 in payment of a utility bill on June 15. Del Gato Clinic mistakenly recorded it with a debit to Utilities Expense and a credit to Cash in the amount of $476. d. The June 30 cash receipts of $2,856 were placed in the bank's night depository after banking hours and were not recorded on the June 30 bank statement. Check Reconciled bal. $11,582
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