Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Use une volowing intormation for une cxercises below. [The following information applies to the questions displayed below. Del Gato Clinic's cash account shows a $11,589

image text in transcribed
Use une volowing intormation for une cxercises below. [The following information applies to the questions displayed below. Del Gato Clinic's cash account shows a $11,589 debit balance and its bank statement shows $10,555 on deposit at the close of business on June 30. a. Outstanding checks as of June 30 total $1,829. b. The June 30 bank statement lists a $16 bank service charge. c. Check No. 919, listed with the canceled checks, was correctly drawn for $467 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 $476. d. The June 30 cash receipts of $2,856 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 Book balance Add Bank statement balance Add: Deduct: Doduct: 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

Linking Auditing And Meta Evaluation Enhancing Quality In Applied Research

Authors: Thomas A. Schwandt, Edward S. Halpern

1st Edition

0803929684, 978-0803929685

More Books

Students also viewed these Accounting questions

Question

2. In what ways have your peers and your parents helped shape you?

Answered: 1 week ago

Question

What are some of the roles of a network router?

Answered: 1 week ago

Question

3. Outline the four major approaches to informative speeches

Answered: 1 week ago

Question

4. Employ strategies to make your audience hungry for information

Answered: 1 week ago