Del Gato Clinic's cash account shows an $16,676 debit balance and its bank statement shows $15,720 on deposit at the close of business on June 30. a. Outstanding checks as of June 30 total $1,851. b. The June 30 bank statement lists a $20 bank service charge. c. Check No. 919, listed with the canceled checks, was correctly drawn for $489 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 $498. d. The June 30 cash receipts of $2,796 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 field.

Del Gato Clinic's cash account shows an $16,676 debit balance and its bank statement shows $15,720 on deposit at the close of business on June 30. a. Outstanding checks as of June 30 total $1,851. b. The June 30 bank statement lists a $20 bank service charge. c. Check No. 919, listed with the canceled checks, was correctly drawn for $489 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 $498. d. The June 30 cash receipts of $2,796 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 field.

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter6: Bank Accounts, Cash Funds, And Internal Controls

Section: Chapter Questions

Problem 1PB

See similar textbooks

Similar questions

Using the following information, prepare a bank reconciliation. Bank balance: $12,565. Book balance: $13,744. Deposits in transit: $2,509. Outstanding checks: $1,777. Bank charges: $125. Bank incorrectly charged the account for $412. The bank will correct the error next month. Check number 1879 correctly cleared the bank in the amount of $562 but posted in the accounting records as $652. This check was expensed to Utilities Expense.
Using the following information, prepare a bank reconciliation. Bank balance: $4,587 Book balance: $5,577 Deposits in transit: $1,546 Outstanding checks: $956 Interest income: $56 NSF check: $456
The bank reconciliation shows the following adjustments: Deposits in transit: $1,234 Outstanding checks: $558 Bank service charges: $50 NSF checks: $250 Prepare the correcting journal entry.
Please see image
Required information [The following information applies to the questions displayed below.] Del Gato Clinic's cash account shows a $11,557 debit balance and its bank statement shows $10,864 on deposit at the close of business on June 30. a. Outstanding checks as of June 30 total $1,522. b. The June 30 bank statement lists a $20 bank service charge. c. Check No. 919, listed with the canceled checks, was correctly drawn for $389 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 $398. d. The June 30 cash receipts of $2,204 were placed in the bank's night depository after banking hours and were not recorded on the June 30 bank statement. Prepare its bank reconciliation using the above information. Bank statement balance Add: Deduct: Adjusted bank balance DEL GATO CLINIC Bank Reconciliation June 30 Book balance Add: Deduct: Adjusted book balance
Required information [The following information applies to the questions displayed below.] Del Gato Clinic's cash account shows a $15,573 debit balance and its bank statement shows $15,890 on deposit at the close of business on June 30. a. Outstanding checks as of June 30 total $2,925. b. The June 30 bank statement lists a $70 bank service charge. c. Check No. 919, listed with the canceled checks, was correctly drawn for $489 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 $498. d. The June 30 cash receipts of $2,547 were placed in the bank's night depository after banking hours and were not recorded on the June 30 bank statement.
Required information [The following information applies to the questions displayed below.] Del Gato Clinic's cash account shows an $13,907 debit balance and its bank statement shows $13,456 on deposit at the close of business on June 30. a. Outstanding checks as of June 30 total $1,888. b. The June 30 bank statement lists a $45 bank service charge. c. Check No. 919, listed with the canceled checks, was correctly drawn for $489 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 $498. d. The June 30 cash receipts of $2,303 were placed in the bank's night depository after banking hours and were not recorded on the June 30 bank statement. Prepare its bank reconciliation using the above information. DEL GATO CLINIC Bank Reconciliation June 30 Bank statement balance Add: $ 13,456 Book balance Add: Deduct: 0 13,456 Deduct: 0 0 0 0 Adjusted bank balance $ 13,456 Adjusted book balance $ 0
Required information [The following information applies to the questions displayed below.] Del Gato Clinic's cash account shows an $12,472 debit balance and its bank statement shows $13,074 on deposit at the close of business on June 30. a. Outstanding checks as of June 30 total $2,881. b. The June 30 bank statement lists a $55 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 $2,233 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. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list…
Required information [The following information applies to the questions displayed below.] Del Gato Clinic's cash account shows an $12,472 debit balance and its bank statement shows $13,074 on deposit at the close of business on June 30. a. Outstanding checks as of June 30 total $2,881. b. The June 30 bank statement lists a $55 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 $2,233 were placed in the bank's night depository after banking hours and were not recorded on the June 30 bank statement. Prepare its bank reconciliation using the above information. DEL GATO CLINIC Bank Reconciliation June 30 Bank statement balance Book balance Add: Add: Deduct: Deduct:
Required information [The following information applies to the questions displayed below.] Del Gato Clinic's cash account shows an $13,393 debit balance and its bank statement shows $12,467 on deposit at the close of business on June 30. a. Outstanding checks as of June 30 total $2,038. b. The June 30 bank statement lists a $50 bank service charge. c. Check No. 919, listed with the canceled checks, was correctly drawn for $889 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 $898. d. The June 30 cash receipts of $2,923 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 field. View transaction…
Can you help with the image attached
Required information [The following information applies to the questions displayed below.] Del Gato Clinic's cash account shows an $14,088 debit balance and its bank statement shows $13,938 on deposit at the close of business on June 30. a. Outstanding checks as of June 30 total $2,100. 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 $389 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 $398. d. The June 30 cash receipts of $2,159 were placed in the bank's night depository after banking hours and were not recorded on the June 30 bank statement. Prepare its bank reconciliation using the above information. Bank statement balance Add: Denneit of lung 20 $ DEL GATO CLINIC Bank Reconciliation June 30 13,938 Book balance Add: Error on Chart Number 010 $ 14,088