Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below) Del Gato Clinic's cash account shows

image text in transcribed
Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below) Del Gato Clinic's cash account shows a $14,693 debit balance and its bank statement shows $14,984 on deposit at the close of business on June 30. a. Outstanding checks as of June 30 total $2.873. b. The June 30 bank statement lists a $80 bank service charge. c. Check No. 919, listed with the canceled checks, was correctly drawn for $489 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 $498. d. The June 30 cash receipts of $2,511 were placed in the bank's night depository after banking hours and were not recorded on the June 30 bank statement Exercise 6-12 Bank reconciliation LO P3 Prepare its bank reconciliation using the above information DEL GATO CLINIC Bank Reconciliation June 30 Bank statement balance Add: Book balance Add: Deduct Deduct Adjusted bank balance Adjusted book balance

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

Fia Foundations Of Financial Accounting Ffa Interactive Text

Authors: BPP Learning Media

1st Edition

1509724176, 978-1509724178

More Books

Students also viewed these Accounting questions

Question

Explain the Neolithic age compared to the paleolithic age ?

Answered: 1 week ago

Question

What is loss of bone density and strength as ?

Answered: 1 week ago