Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Plant assets, net Total assets Liabilities and Equity on 183,297 115,8 77,173 162,589 162,5ee 162,589 Total liabilities and equity Cost of goods sold $440,115 12,266
Plant assets, net Total assets Liabilities and Equity on 183,297 115,8 77,173 162,589 162,5ee 162,589 Total liabilities and equity Cost of goods sold $440,115 12,266 8,925 Income taxes s 36,074 S 2.22 Net income stock Annual cash div 31 2. $ 2.16 $ 29.00 27.00 eturn on common stockholders' equity Price-earnings ratio on December 31 Dividend yleld. the return on Required information The following information applies to the questions displayed below Del Gato Clinic deposits all cash receipts on the day when they are received and it makes all cash payments by check. At the close of business on June 30, its Cash account shows an $13,967 debit balance. Del Gato Clinic's June 30 bank statement shows $13,037 on deposit in the bank. a. Outstanding checks as of June 30 total $1,651 b. The June 30 bank statement lists a $70 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.De Gato Clinic 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 $2,520 were placed in the bank's night depository after banking hours and were not recorded on the June 30 bank statement Prepare a bank reconciliation for Del Gato Clinic using the above information Bank R Add Add
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started