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! Required information Use the following information for the Exercises 14-15 below. [The following information applies to the questions displayed below.] Del Gato Clinic's
! Required information Use the following information for the Exercises 14-15 below. [The following information applies to the questions displayed below.] Del Gato Clinic's cash account shows an $13,413 debit balance and its bank statement shows $12,970 on deposit at the close of business on June 30. a. Outstanding checks as of June 30 total $2,631. 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 $289 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 $298. d. The June 30 cash receipts of $2,983 were placed in the bank's night depository after banking hours and were not recorded on the June 30 bank statement. Exercise 7-14 Bank reconciliation LO6 Prepare its bank reconciliation using the above information. Exercise 7-14 Bank reconciliation LO6 Prepare its bank reconciliation using the above information. Bank statement balance Add: $ Deduct: DEL GATO CLINIC Bank Reconciliation June 30 12,970 Book balance Add: 0 12,970 Deduct: 0 0 Adjusted bank balance $ 12,970 Adjusted book balance $ 0 0 0
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