[The following information applies to the questions displayed below.] Del Gato Clinic's cash account shows a $14,089 debit balance and its bank statement shows $13,053 on deposit at the close of business on June 30. Outstanding checks as of June 30 total $1,797. The June 30 bank statement lists a $95 bank service charge. 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. The June 30 cash receipts of $2,747 were placed in the bank’s night depository after banking hours and were not recorded on the June 30 bank statement.
[The following information applies to the questions displayed below.] Del Gato Clinic's cash account shows a $14,089 debit balance and its bank statement shows $13,053 on deposit at the close of business on June 30. Outstanding checks as of June 30 total $1,797. The June 30 bank statement lists a $95 bank service charge. 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. The June 30 cash receipts of $2,747 were placed in the bank’s night depository after banking hours and were not recorded on the June 30 bank statement.
Century 21 Accounting Multicolumn Journal
11th Edition
ISBN:9781337679503
Author:Gilbertson
Publisher:Gilbertson
Chapter5: Cash Control Systems
Section: Chapter Questions
Problem 2AP
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[The following information applies to the questions displayed below.]
Del Gato Clinic's cash account shows a $14,089 debit balance and its bank statement shows $13,053 on deposit at the close of business on June 30.
- Outstanding checks as of June 30 total $1,797.
- The June 30 bank statement lists a $95 bank service charge.
- 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.
- The June 30 cash receipts of $2,747 were placed in the bank’s night depository after banking hours and were not recorded on the June 30 bank statement.
![Required Information
[The following Information applies to the questions displayed below.]
Del Gato Clinic's cash account shows a $14,089 debit balance and its bank statement shows $13,053 on deposit at the
close of business on June 30.
a. Outstanding checks as of June 30 total $1,797.
b. The June 30 bank statement lists a $95 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 $2,747 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:
Deposit of June 30
Outstanding checks
Deduct:
Adjusted bank balance
DEL GATO CLINIC
Bank Reconciliation
June 30
$
0
0
Book balance
Add:
Deduct:
0
0 Adjusted book balance
$
0
0](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff6f91fd2-a8f3-4a2e-bb42-a8593f8622b2%2F45714b46-2ab3-4276-af1b-bb82ad2d5d3e%2Fn7vzj2_processed.png&w=3840&q=75)
Transcribed Image Text:Required Information
[The following Information applies to the questions displayed below.]
Del Gato Clinic's cash account shows a $14,089 debit balance and its bank statement shows $13,053 on deposit at the
close of business on June 30.
a. Outstanding checks as of June 30 total $1,797.
b. The June 30 bank statement lists a $95 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 $2,747 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:
Deposit of June 30
Outstanding checks
Deduct:
Adjusted bank balance
DEL GATO CLINIC
Bank Reconciliation
June 30
$
0
0
Book balance
Add:
Deduct:
0
0 Adjusted book balance
$
0
0
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