Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Required Information [The following information applies to the questions displayed below] Del Gato Clinic's cash account shows an $14,868 debit balance and its bank
Required Information [The following information applies to the questions displayed below] Del Gato Clinic's cash account shows an $14,868 debit balance and its bank statement shows $15,612 on deposit at the close of business on June 30. a. Outstanding checks as of June 30 total $3,096. b. The June 30 bank statement lists a $100 bank service charge. c. Check No. 919, listed with the canceled checks, was correctly drawn for $589 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 $598 d. The June 30 cash receipts of $2.261 were placed in the bank's night depository after banking hours and were not recorded on the June 30 bank statement are its bank reconciliation using the above Information. DEL GATO CLINIC Bank Reconciliation
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored 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