Use the following information for the Exercises 12-13 below. (Algo)Skip to question [The following information applies to the questions displayed below.]Del Gato Clinic's cash account shows an $16,657 debit balance and its bank statement shows $15,640 on deposit at the close of business on June 30.Outstanding checks as of June 30 total $1,844.The June 30 bank statement lists a $90 bank service charge.Check No. 919, listed with the canceled checks, was correctly drawn for $689 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 $698.The June 30 cash receipts of $2,780 were placed in the bank’s night depository after banking hours and were not recorded on the June 30 bank statement.

Bank reconciliation is a process of matching the bank passbook balance with the cash book maintained…

Answered: se the following information for the…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter8: Fraud, Internal Controls, And Cash

Section: Chapter Questions

Problem 11EB: Using the following information, prepare a bank reconciliation. Bank balance: $12,565. Book...

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Use the following information for the Exercises 12-13 below. (Algo)

Skip to question

[The following information applies to the questions displayed below.]

Del Gato Clinic's cash account shows an $16,657 debit balance and its bank statement shows $15,640 on deposit at the close of business on June 30.

Outstanding checks as of June 30 total $1,844.
The June 30 bank statement lists a $90 bank service charge.
Check No. 919, listed with the canceled checks, was correctly drawn for $689 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 $698.
The June 30 cash receipts of $2,780 were placed in the bank’s night depository after banking hours and were not recorded on the June 30 bank statement.

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