Question
Required information Use the following information for the Exercises below. Skip to question [The following information applies to the questions displayed below.] Del Gato Clinic's
Required information Use the following information for the Exercises below. Skip to question [The following information applies to the questions displayed below.] Del Gato Clinic's cash account shows a $12,825 debit balance and its bank statement shows $11,974 on deposit at the close of business on June 30. Outstanding checks as of June 30 total $1,456. The June 30 bank statement lists a $65 bank service charge. 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. The June 30 cash receipts of $2,251 were placed in the banks night depository after banking hours and were not recorded on the June 30 bank statement. Exercise 8-12 Bank reconciliation LO P3 Prepare its bank reconciliation using the above information.
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