Del Gato Clinic's cash account shows an $16,218 debit balance and its bank statement shows $15,207 on deposit at the close of business on June 30 a. Outstanding checks as of June 30 total $2,064.
Del Gato Clinic's cash account shows an $16,218 debit balance and its bank statement shows $15,207 on deposit at the close of business on June 30 a. Outstanding checks as of June 30 total $2,064.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Del Gato Clinic's cash account shows an $16,218 debit balance and its bank statement shows $15,207 on deposit at the
close of business on June 30.
a. Outstanding checks as of June 30 total $2,064.
b. The June 30 bank statement lists a $100 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 $198.
d. The June 30 cash receipts of $2,984 were placed in the bank's night depository after banking hours and were not
recorded on the June 30 bank statement.
Prepare any necessary Journal entries that Del Gato Clinic must record as a result of preparing the bank reconciliation.
Note: If no entry is required for a transaction/event, select "No Journal entry required" In the first account fleid.
Journal entry worksheet
<
1
2
Record the adjusting entry related to outstanding checks, if necessary.
Transaction
Note: Enter debits before credits.
a
3 4
Record entry
General Journal
Clear entry
Debit
Credit
View general journal
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Transcribed Image Text:0
Required Information
[The following information applies to the questions displayed below]
Del Gato Clinic's cash account shows an $16,218 debit balance and its bank statement shows $15,207 on deposit at the
close of business on June 30.
a. Outstanding checks as of June 30 total $2,064.
b. The June 30 bank statement lists a $100 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 $198.
d. The June 30 cash receipts of $2,984 were placed in the bank's night depository after banking hours and were not
recorded on the June 30 bank statement.
Prepare any necessary Journal entries that Del Gato Clinic must record as a result of preparing the bank reconciliation.
Note: If no entry is required for a transaction/event, select "No Journal entry required" In the first account fleid.
Journal entry worksheet
<
1
2
Record the adjusting entry related to outstanding checks, if necessary.
Transaction
Note: Enter debits before credits.
a
3 4
Record entry
General Journal
Clear entry
Debit
Credit
View general journal
>
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