Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

image text in transcribed
image text in transcribed
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 \$13.115 debit balance and its bank statement shows \$12,901 on deposit at the close of business on June 30. a. Outstanding checks as of June 30 total $1,948 b. The June 30 bank statement lists a $25 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 $2,146 were placed in the bank's night depository after banking hours and were not recorded on the June 30 bank statement. \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ DEL GATO CLINIC } \\ \hline \multicolumn{5}{|c|}{ Bank Reconciliation } \\ \hline \multicolumn{5}{|c|}{ June 30} \\ \hline Bank statement balance & & Book balance & & \\ \hline \multicolumn{2}{|l|}{ Add: } & Add: & & \\ \hline & & & & \\ \hline- & 0 & & & 0 \\ \hline & 0 & & & 0 \\ \hline \multicolumn{2}{|l|}{ Deduct: } & Deduct: & & \\ \hline \multicolumn{5}{|l|}{ p } \\ \hline & 0 & & & 0 \\ \hline \multicolumn{2}{|l|}{ Adjusted bank balance } & Adjusted book balance & $ & 0 \\ \hline \end{tabular}

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

Food And Beverage Cost Control

Authors: Lea R. Dopson, David K. Hayes, Jack E. Miller

4th Edition

0471694177, 978-0471694175

More Books

Students also viewed these Accounting questions

Question

Elaborate on the concept of database languages

Answered: 1 week ago