Del Gato Clinic's cash account shows an $13,911 debit balance and its bank statement shows $12,946 on deposit at the close of business on June 30. a. Outstanding checks as of June 30 total $2,018. b. The June 30 bank statement lists a $85 bank service charge. c. Check No. 919, listed with the canceled checks, was correctly drawn for $589 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 S598. d. The June 30 cash receipts of $2,907 were placed in the bank's night depository after banking hours and were not recorded on the June 30 bank statement.

Del Gato Clinic's cash account shows an $13,911 debit balance and its bank statement shows $12,946 on deposit at the close of business on June 30. a. Outstanding checks as of June 30 total $2,018. b. The June 30 bank statement lists a $85 bank service charge. c. Check No. 919, listed with the canceled checks, was correctly drawn for $589 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 S598. d. The June 30 cash receipts of $2,907 were placed in the bank's night depository after banking hours and were not recorded on the June 30 bank statement.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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