Del Gato Clinic's cash account shows an $17,223 debit balance and its bank statement shows $17,205 on deposit at the close of business on June 30. a. Outstanding checks as of June 30 total $2,621. b. The June 30 bank statement lists a $30 bank service charge. c. Check No. 919, listed with the canceled checks, was correctly drawn for $789 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 $798. d. The June 30 cash receipts of $2,618 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: 0 0 Deduct: 0 O Adjusted book balance $ 0 0
Del Gato Clinic's cash account shows an $17,223 debit balance and its bank statement shows $17,205 on deposit at the close of business on June 30. a. Outstanding checks as of June 30 total $2,621. b. The June 30 bank statement lists a $30 bank service charge. c. Check No. 919, listed with the canceled checks, was correctly drawn for $789 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 $798. d. The June 30 cash receipts of $2,618 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: 0 0 Deduct: 0 O Adjusted book balance $ 0 0
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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please provide well explained , computed answer in text from with steps and necessary calculation
![Required information
[The following information applies to the questions displayed below.]
Del Gato Clinic's cash account shows an $17,223 debit balance and its bank statement shows $17,205 on deposit at the
close of business on June 30.
a. Outstanding checks as of June 30 total $2,621.
b. The June 30 bank statement lists a $30 bank service charge.
c. Check No. 919, listed with the canceled checks, was correctly drawn for $789 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 $798.
d. The June 30 cash receipts of $2,618 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
0
0
Book balance
Add:
Deduct:
0
O Adjusted book balance
$
0
0
0
0](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Faa044077-0287-44e1-bc44-b4919094e622%2F1ce0c712-3dcd-4ae4-aea8-8fa466be1cae%2Fa27wnmn_processed.png&w=3840&q=75)
Transcribed Image Text:Required information
[The following information applies to the questions displayed below.]
Del Gato Clinic's cash account shows an $17,223 debit balance and its bank statement shows $17,205 on deposit at the
close of business on June 30.
a. Outstanding checks as of June 30 total $2,621.
b. The June 30 bank statement lists a $30 bank service charge.
c. Check No. 919, listed with the canceled checks, was correctly drawn for $789 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 $798.
d. The June 30 cash receipts of $2,618 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
0
0
Book balance
Add:
Deduct:
0
O Adjusted book balance
$
0
0
0
0
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