alance
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
5
![Required information
Use the following information for the Exercises 12-13 below. (Algo)
[The following information applies to the questions displayed below.]
Del Gato Clinic's cash account shows an $15,537 debit balance and its bank statement shows $14,496 on deposit at the
close of business on June 30.
a. Outstanding checks as of June 30 total $1,214.
b. The June 30 bank statement lists a $80 bank service charge.
c. Check No. 919, listed 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 Utilities Expense and a credit to Cash in the amount of $698.
d. The June 30 cash receipts of $2,184 were placed in the bank's night depository after banking hours and were not
recorded on the June 30 bank statement.
Exercise 6-12 (Algo) Bank reconciliation LO P3
Prepare its bank reconciliation using the above information.
Bank statement balance
Add:
Deduct:
Adjusted bank balance
$
DEL GATO CLINIC
Bank Reconciliation
June 30
0
0
Book balance
Add:
Deduct:
0
0 Adjusted book balance
$
0
0
0
0](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F15cd763b-5763-4f34-ac90-fb3a4d78f352%2F7af29ace-f063-4feb-abeb-13899c979299%2Fwl6afq8_processed.png&w=3840&q=75)
Transcribed Image Text:Required information
Use the following information for the Exercises 12-13 below. (Algo)
[The following information applies to the questions displayed below.]
Del Gato Clinic's cash account shows an $15,537 debit balance and its bank statement shows $14,496 on deposit at the
close of business on June 30.
a. Outstanding checks as of June 30 total $1,214.
b. The June 30 bank statement lists a $80 bank service charge.
c. Check No. 919, listed 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 Utilities Expense and a credit to Cash in the amount of $698.
d. The June 30 cash receipts of $2,184 were placed in the bank's night depository after banking hours and were not
recorded on the June 30 bank statement.
Exercise 6-12 (Algo) Bank reconciliation LO P3
Prepare its bank reconciliation using the above information.
Bank statement balance
Add:
Deduct:
Adjusted bank balance
$
DEL GATO CLINIC
Bank Reconciliation
June 30
0
0
Book balance
Add:
Deduct:
0
0 Adjusted book balance
$
0
0
0
0
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