Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Required information [The following information applies to the questions displayed below.] Del Goto Clinic's cosh account shows an $11,589 debit balance and its bank statement

image text in transcribed
image text in transcribed
Required information [The following information applies to the questions displayed below.] Del Goto Clinic's cosh account shows an $11,589 debit balance and its bank statement shows $10,555 on deposit at the close of business on June 30 a. Outstanding checks as of June 30 total $1,829 b. The June 30 bank statement lists o $16 bank service charge c. Check No. 919 , listed with the canceled checks, wos correctly drawn for $467 in payment of a utility bill on June 15 . Del Goto Clinic mistakenly recorded it with a debit to Utilities Expense and a credit to Cash in the amount of $476. d. The June 30 cash receipts of $2.856 were placed in the bank's night depository after banking hours ond were not recorded on the June 30 bonk stotement. Prepare its bank reconciliation using the above information

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

Students also viewed these Accounting questions