Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Del Gato Clinic's cash account shows a $17,068 debit balance and its bank statement shows $16,357 on deposit at the close of business on June

image text in transcribed
Del Gato Clinic's cash account shows a $17,068 debit balance and its bank statement shows $16,357 on deposit at the close of business on June 30. a. Outstanding checks as of June 30 total $2,272 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 $489 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 $498. d. The June 30 cash receipts of $2,942 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 Roconciliation June 30 Book balance Add Bank statement balance Add: 0 0 0 0 Deduct Deduct 0 ot

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Content Audits And Inventories A Handbook For Content Analysis

Authors: Paula Ladenburg Land

2nd Edition

1937434826, 978-1937434823

More Books

Students also viewed these Accounting questions

Question

7. What decisions would you make as the city manager?

Answered: 1 week ago

Question

8. How would you explain your decisions to the city council?

Answered: 1 week ago