Exercise 8-12 Bank reconciliation LO P3

Prepare its bank reconciliation using the above information.

Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below.] Del Gato Clinic's cash account shows a $13,681 debit balance and its bank statement shows $11,823 on deposit at the close of business on June 30. a. Outstanding checks as of June 30 total $1,198. b. The June 30 bank statement lists a $80 bank service charge. c. Check No. 919, listed with the canceled checks, was correctly drawn for $389 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 $398. d. The June 30 cash receipts of $2,985 were placed in the bank's night depository after banking hours and were not recorded on the June 30 bank statement. Exercise 8-12 Bank reconciliation LO P3 Prepare its bank reconciliation using the above information. DEL GATO CLINIC Bank Reconciliation June 30 Book balance Add: Bank statement balance Add: Deduct: Deduct Adjusted bank balance Adjusted book balance