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 Gato Clinic's cash account shows a $14,663 debit balance and its bank statement

image text in transcribed
Required information [The following information applies to the questions displayed below) Del Gato Clinic's cash account shows a $14,663 debit balance and its bank statement shows $15,365 on deposit at the close of business on June 30. a. Outstanding checks as of June 30 total $2,826. 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 $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 $2,083 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 Reconciliation June 39 Book balance Add Bank statement balance Add Deduct Deduct Adjusted bank balance Adjusted book balance

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

Financial Accounting

Authors: Walter T. Harrison Jr., Charles T. Horngren, C. William Thomas, W. Morley Lemon, Catherine Seguin, Sandra Robertson Lemon

4th Canadian Edition

0131384333, 9780131384330

More Books

Students also viewed these Accounting questions

Question

Establish identity. 1 - sin v 1 + sin v csc v 1 csc v + 1

Answered: 1 week ago

Question

11.5 Describe the grievance procedure in a union environment.

Answered: 1 week ago

Question

11.6 Explain union decertification.

Answered: 1 week ago