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Required information Use the following information for the Exercises 12-13 below. (Algo) [The following information applies to the questions displayed below.) Del Gato Clinic's cash
Required information Use the following information for the Exercises 12-13 below. (Algo) [The following information applies to the questions displayed below.) Del Gato Clinic's cash account shows an $14,884 debit balance and its bank statement shows $12,945 on deposit at the close of business on June 30. a. Outstanding checks as of June 30 total $1,172. b. The June 30 bank statement lists a $90 bank service charge. C. Check No. 919, listed with the canceled checks, was correctly drawn for $789 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 $798 d. The June 30 cash receipts of $3,030 were placed in the bank's night depository after banking hours and were not recorded on the June 30 bank statement. Exercise 8-12 (Algo) Bank reconciliation LO P3 Prepare its bank reconciliation using the above information. DEL GATO CLINIC Bank Reconciliation June 30 Bank statement balance Book balance Add: Add: Deduct: Deduct: Adjusted bank balance Adjusted book balance
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