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ANSWER BOTH HURRY [The following Information applies to the questions displayed below.) Del Gato Clinic's cash account shows a $14,311 debit balance and its bank
ANSWER BOTH HURRY
[The following Information applies to the questions displayed below.) Del Gato Clinic's cash account shows a $14,311 debit balance and its bank statement shows $13786 on deposit at the close of business on June 30. a. Outstanding checks as of June 30 total $2,054 b. The June 30 bank statement lists a $50 bank service charge. c. 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. d. The June 30 cash receipts of $2,538 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 DEL GATO CLINIC Bank Reconciliation June 30 Book balance Add: Bank statement balance Add: 0 0 0 0 Deduct Deduct 0 0 Adjusted bank balance $ O Adjusted book balance $ 0 Required information (The following information applies to the questions displayed below.) Ramirez Company Installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $83,600. The machine's useful life is estimated at 20 years, or 398,000 units of product, with a $4,000 salvage value. During its second year, the machine produces 33,800 units of product. Determine the machine's second-year depreciation using the double-declining-balance method. Double-declining balance Depreciation Choose Factors: Choose Factor(%) Beginning book value x Double the straight-line rate Annual Depreciation Expenso - Depreciation expense X First year's depreciation Second year's depreciation Step by Step Solution
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