Del Gato Clinic's cash account shows an $16,254 debit balance and its bank statement shows $14,781 on deposit at the close of business on June 30. a. Outstanding checks as of June 30 total $1,339. b. The June 30 bank statement lists a $35 bank service charge. c. Check No. 919, listed with the canceled checks, was correctly drawn for $589 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 $598. d. The June 30 cash receipts of $2,786 were placed in the bank's night depository after banking hours and were not recorded on the June 30 bank statement. repare its bank reconciliation using the above information. Bank statement balance Add: Deduct: DEL GATO CLINIC Bank Reconciliation June 30 Book balance Add: Deduct:

Del Gato Clinic's cash account shows an $16,254 debit balance and its bank statement shows $14,781 on deposit at the close of business on June 30. a. Outstanding checks as of June 30 total $1,339. b. The June 30 bank statement lists a $35 bank service charge. c. Check No. 919, listed with the canceled checks, was correctly drawn for $589 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 $598. d. The June 30 cash receipts of $2,786 were placed in the bank's night depository after banking hours and were not recorded on the June 30 bank statement. repare its bank reconciliation using the above information. Bank statement balance Add: Deduct: DEL GATO CLINIC Bank Reconciliation June 30 Book balance Add: Deduct:

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 5E

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