Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Required information Use the following Information for the Exerclses 12-13 below. (Algo) [The following information applles to the questions displayed below.] Del Gato Clinic's cash
Required information Use the following Information for the Exerclses 12-13 below. (Algo) [The following information applles to the questions displayed below.] Del Gato Clinic's cash account shows an $14,729 debit balance and its bank statement shows $14,686 on deposit at the close of business on June 30 . a. Outstanding checks as of June 30 total $2,283. b. The June 30 bank statement lists a $75 bank service charge. c. Check No. 919, IIsted with the canceled checks, was correctly drawn for $689 in payment of a utility bill on June 15 . Del Gato Clinic mistakenly recorded it with a debit to Utilitjes Expense and a credit to Cash in the amount of \$698. d. The June 30 cash recelpts of $2,260 were placed in the bank's night depository after banking hours and were not recorded on the June 30 bank statement. Exerclse 6-12 (Algo) Bank reconclllation LO P3 Prepare its bank reconciliation using the above Information
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started