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Del Gato Clinic's cash account shows an $15,378 debit balance and its bank statement shows $15,707 on deposit at the close of business on June 30. a. Outstanding checks as of June 30 total $2,543. b. The June 30 bank statement lists a $55 bank service charge. c. Check No. 919, listed with the canceled checks, was correctly drawn for $789 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 $798. d. The June 30 cash receipts of $2,168 were placed in the bank's night depository after banking hours and were not recorded on the June 30 bank statement. Prepare its bank reconciliation using the above information. Bank statement balance Add: Deduct: Adjusted bank balance $ DEL GATO CLINIC Bank Reconciliation June 30 Book balance Add: o 0 Deduct: 0 0 Adjusted book balance $ 0 0 0 0

Del Gato Clinic's cash account shows an $15,378 debit balance and its bank statement shows $15,707 on deposit at the close of business on June 30. a. Outstanding checks as of June 30 total $2,543. b. The June 30 bank statement lists a $55 bank service charge. c. Check No. 919, listed with the canceled checks, was correctly drawn for $789 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 $798. d. The June 30 cash receipts of $2,168 were placed in the bank's night depository after banking hours and were not recorded on the June 30 bank statement. Prepare its bank reconciliation using the above information. Bank statement balance Add: Deduct: Adjusted bank balance $ DEL GATO CLINIC Bank Reconciliation June 30 Book balance Add: o 0 Deduct: 0 0 Adjusted book balance $ 0 0 0 0

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 4PA
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Mc Graw Hill Del Gato Clinic's cash account shows an $15,378 debit balance and its bank statement shows $15,707 on deposit at the close of business on June 30. a. Outstanding checks as of June 30 total $2,543. b. The June 30 bank statement lists a $55 bank service charge. c. Check No. 919, listed with the canceled checks, was correctly drawn for $789 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 $798. d. The June 30 cash receipts of $2,168 were placed in the bank's night depository after banking hours and were not recorded on the June 30 bank statement. Prepare its bank reconciliation using the above information. Bank statement balance Add: Deduct: Adjusted bank balance $ DEL GATO CLINIC Bank Reconciliation June 30 Book balance Add: 0 0 Deduct: 0 0 Adjusted book balance $ 0 0 0 0
Transcribed Image Text:Mc Graw Hill Del Gato Clinic's cash account shows an $15,378 debit balance and its bank statement shows $15,707 on deposit at the close of business on June 30. a. Outstanding checks as of June 30 total $2,543. b. The June 30 bank statement lists a $55 bank service charge. c. Check No. 919, listed with the canceled checks, was correctly drawn for $789 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 $798. d. The June 30 cash receipts of $2,168 were placed in the bank's night depository after banking hours and were not recorded on the June 30 bank statement. Prepare its bank reconciliation using the above information. Bank statement balance Add: Deduct: Adjusted bank balance $ DEL GATO CLINIC Bank Reconciliation June 30 Book balance Add: 0 0 Deduct: 0 0 Adjusted book balance $ 0 0 0 0
Mc Graw Hill Del Gato Clinic's cash account shows an $15,378 debit balance and its bank statement shows $15,707 on deposit at the close of business on June 30. a. Outstanding checks as of June 30 total $2,543. b. The June 30 bank statement lists a $55 bank service charge. c. Check No. 919, listed with the canceled checks, was correctly drawn for $789 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 $798. d. The June 30 cash receipts of $2,168 were placed in the bank's night depository after banking hours and were not recorded on the June 30 bank statement. Prepare any necessary journal entries that Del Gato Clinic must record as a result of preparing the bank reconciliation. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) 1 View transaction list Record the adjusting entry related to outstanding checks, if necessary. 2 Record the adjusting entry related to bank service charges, if necessary. 3 Record the adjusting entry related to Check Number 919, if necessary. 4 Record the adjusting entry related to the June 30 deposit, if necessary. EX: Credit >
Transcribed Image Text:Mc Graw Hill Del Gato Clinic's cash account shows an $15,378 debit balance and its bank statement shows $15,707 on deposit at the close of business on June 30. a. Outstanding checks as of June 30 total $2,543. b. The June 30 bank statement lists a $55 bank service charge. c. Check No. 919, listed with the canceled checks, was correctly drawn for $789 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 $798. d. The June 30 cash receipts of $2,168 were placed in the bank's night depository after banking hours and were not recorded on the June 30 bank statement. Prepare any necessary journal entries that Del Gato Clinic must record as a result of preparing the bank reconciliation. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) 1 View transaction list Record the adjusting entry related to outstanding checks, if necessary. 2 Record the adjusting entry related to bank service charges, if necessary. 3 Record the adjusting entry related to Check Number 919, if necessary. 4 Record the adjusting entry related to the June 30 deposit, if necessary. EX: Credit >
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