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
image text in transcribed
image text in transcribed
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 $14,069 debit balance and its bank statement shows $13.539 on deposit the dose 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 $10 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 8-13 Adjusting entries from bank reconcillation LO P3 Prepare the adjusting journal entries that Del Gato Clinic must record as a result of preparing the bank reconciliation. (I no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction list Journal entry worksheet 1 > 2 4 Record the adjusting entry related to outstanding checks, if necessary Note: Enter det before credits Debit Credit General Journal Transaction Record the adjusting entry related to bank service charges, if necessary Note: Enter debits before credits Debit General Journal Credit Transaction b WS Lule of business on June 30. URUY bebe balance and its bank statement shows $13,539 on deposit at the 5.65 cints 8 Bar 3. Outstanding checks as of June 30 total $2055 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. De 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 Sapped clock Exercise 8-13 Adjusting entries from bank reconciliation LO P3 Hint Prepare the adjusting journal entries that Del Gato Clinic must record as a result of preparing the bank reconciliation. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Print View transaction list Journal entry worksheet

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

Implementing Standardized Work Training And Auditing

Authors: Alain Patchong

1st Edition

146656363X, 978-1466563636

More Books

Students also viewed these Accounting questions

Question

Why do most NNOs use fund accounting?

Answered: 1 week ago

Question

state what is meant by the term performance management

Answered: 1 week ago