Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Required information [The following intormation applies to the questions displayed below] Del Gato Clinic's cash account shows an $13,837 debit balance and its bank statement

image text in transcribed
Required information [The following intormation applies to the questions displayed below] Del Gato Clinic's cash account shows an $13,837 debit balance and its bank statement shows $13,597 on deposit at the close of business on June 30 . a. Outstanding checks as of June 30 total $1,935 b. The June 30 bank statement lists a $65 bank service charge c. Check No 919 , listed with the canceled checks, was correctly drawn for $189 in payment of a atility bill on June 15 Del Gato Cinic mistakenly recorded it with a debit to Utilities Expense and a credit to Cash in the amount of $198. d. The June 30 cash receipts of $2,119 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

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

Governmental Accounting Auditing And Financial Reporting

Authors: Michele Mark Levine, Todd Buikema

10th Edition

0891250107, 978-0891250104

More Books

Students also viewed these Accounting questions

Question

Distinguish between condensation and evaporation?

Answered: 1 week ago

Question

views of software architecture

Answered: 1 week ago