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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

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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 $14,069 debit balance and its bank statement shows $13,539 on deposit at the close of business on June 30, a. Outstanding checks as of June 30 total $2,055 b. The June 30 bank statement lists a $30 bank service charge. c. Check No. 919, listed with the canceled checks, was correctly drawn for $189 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 $198. d. The June 30 cash receipts of $2,564 were placed in the bank's 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. DEL GATO CLINIC Bank Reconciliation June 30 Book balance Bank statement balance Add Add: 0 Deduct: Deduct $ Adjusted bank balance $ Adjusted book balance -. On July 31, the company's Cash account has a $25,631 debit balance, but its July bank statement shows a 52742 balance b. Check No. 3031 for $1,170, Check No. 3065 for $361, and Check No. 3050 for $1,938 are outstanding checks as of July 31. c. Check No. 3056 for July rent expense was correctly written and drawn for $1.220 but was erraneously entered in the accounting records as $1,210 d. The Julybank statement shows the bank collected $7000 cash on a note for Branch. Branch had not recorded this event before receiving the statement. .. The bank statement shows an $805 NSF check. The check had been received from a customer, Evan Shaw. Branch has not yet recorded this check as NSF. f. The July statement shows a $11 bank service charge. It has not yet been recorded in miscellaneous expenses because no previous notification had been received. g. Branch's July 31 daily cash receipts of $8,132 were placed in the bank's night depository on that date but do not appear on the July 31 bank statement Problem 8-4A Part 1 Required: 1. Prepare the bank reconciliation for this company as of July 31, BRANCH COMPANY Bank Reconciliation July 31 Book balance Add Bank statement balance 0 Deduct Deduct 5 $ 9 Adjusted book balance Adjusted bank balance Next > 56 6 6

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