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 Ciinic's cash account shows an $13,303 debit balance and its bank statement

image text in transcribed
Required Information [The following information applies to the questions displayed below] Del Gato Ciinic's cash account shows an $13,303 debit balance and its bank statement shows $13,179 on deposit at the close of business on June 30 0. Outstanding checks as of June 30 total $2,208 b. The June 30 bank statement ists a $55 bank service charge c. Check No. 919, IIsted with the canceled checks, was correctly drawn for $589 in payment of a utility bill on June 15 Del Gato Cilinc mistakenly recorded it with a debit to Uilities Expense and a credit to Cash in the amount of $598. d. The June 30 cash receipts of $2,286 were placed in the bank's night depository after banking hours and were not recorded on the June 30 bank statement. Piepare its bank reconciation 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

Recommended Textbook for

Auditing Principles Practice And Problems

Authors: Jagdish Prakash

1st Edition

9327244745, 978-9327244748

More Books

Students also viewed these Accounting questions