Required information Use the following information for the Exercises 12-13 below. (Algo) [The following information applies to the questions displayed below.) Del Gato Clinic's cash account shows an $15,408 debit balance and its bank statement shows $14,583 on deposit at the close of business on June 30. a. Outstanding checks as of June 30 total $1,426. b. The June 30 bank statement lists a $75 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 $2,185 were placed in the bank's night depository after banking hours and were not recorded on the June 30 bank statement.
Required information Use the following information for the Exercises 12-13 below. (Algo) [The following information applies to the questions displayed below.) Del Gato Clinic's cash account shows an $15,408 debit balance and its bank statement shows $14,583 on deposit at the close of business on June 30. a. Outstanding checks as of June 30 total $1,426. b. The June 30 bank statement lists a $75 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 $2,185 were placed in the bank's night depository after banking hours and were not recorded on the June 30 bank statement.
Chapter8: Fraud, Internal Controls, And Cash
Section: Chapter Questions
Problem 11EB: Using the following information, prepare a bank reconciliation. Bank balance: $12,565. Book...
Related questions
Question
100%
![1
Required information
Use the following information for the Exercises 12-13 below. (Algo)
[The following information applies to the questions displayed below.]
Del Gato Clinic's cash account shows an $15,408 debit balance and its bank statement shows $14,583 on deposit at the
close of business on June 30.
a. Outstanding checks as of June 30 total $1,426.
b. The June 30 bank statement lists a $75 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 $2,185 were placed in the bank's night depository after banking hours and were not
recorded on the June 30 bank statement.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8c9bd05f-6074-441f-9db3-22fefc0ae245%2F3c05954a-8bcc-4417-93e9-f732c0fc9c6f%2Felljcev_processed.jpeg&w=3840&q=75)
Transcribed Image Text:1
Required information
Use the following information for the Exercises 12-13 below. (Algo)
[The following information applies to the questions displayed below.]
Del Gato Clinic's cash account shows an $15,408 debit balance and its bank statement shows $14,583 on deposit at the
close of business on June 30.
a. Outstanding checks as of June 30 total $1,426.
b. The June 30 bank statement lists a $75 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 $2,185 were placed in the bank's night depository after banking hours and were not
recorded on the June 30 bank statement.
![1
Required information
Use the following information for the Exercises 12-13 below. (Algo)
[The following information applies to the questions displayed below.]
Del Gato Clinic's cash account shows an $15,408 debit balance and its bank statement shows $14,583 on deposit at the
close of business on June 30.
a. Outstanding checks as of June 30 total $1,426.
b. The June 30 bank statement lists a $75 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 $2,185 were placed in the bank's night depository after banking hours and were not
recorded on the June 30 bank statement.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8c9bd05f-6074-441f-9db3-22fefc0ae245%2F3c05954a-8bcc-4417-93e9-f732c0fc9c6f%2Fkaihis_processed.jpeg&w=3840&q=75)
Transcribed Image Text:1
Required information
Use the following information for the Exercises 12-13 below. (Algo)
[The following information applies to the questions displayed below.]
Del Gato Clinic's cash account shows an $15,408 debit balance and its bank statement shows $14,583 on deposit at the
close of business on June 30.
a. Outstanding checks as of June 30 total $1,426.
b. The June 30 bank statement lists a $75 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 $2,185 were placed in the bank's night depository after banking hours and were not
recorded on the June 30 bank statement.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 1 images
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College
Cornerstones of Financial Accounting
Accounting
ISBN:
9781337690881
Author:
Jay Rich, Jeff Jones
Publisher:
Cengage Learning
College Accounting (Book Only): A Career Approach
Accounting
ISBN:
9781337280570
Author:
Scott, Cathy J.
Publisher:
South-Western College Pub
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College
Cornerstones of Financial Accounting
Accounting
ISBN:
9781337690881
Author:
Jay Rich, Jeff Jones
Publisher:
Cengage Learning
College Accounting (Book Only): A Career Approach
Accounting
ISBN:
9781337280570
Author:
Scott, Cathy J.
Publisher:
South-Western College Pub
Excel Applications for Accounting Principles
Accounting
ISBN:
9781111581565
Author:
Gaylord N. Smith
Publisher:
Cengage Learning
Survey of Accounting (Accounting I)
Accounting
ISBN:
9781305961883
Author:
Carl Warren
Publisher:
Cengage Learning
Century 21 Accounting Multicolumn Journal
Accounting
ISBN:
9781337679503
Author:
Gilbertson
Publisher:
Cengage