1Required informationUse 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 $15,408 debit balance and its bank statement shows $14,583 on deposit at theclose of business on June 30.a. Outstanding checks as of June 30 total $1,426.b. The June 30 bank statement lists a $75 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. DelGato Clinic mistakenly recorded it with a debit to Utilities Expense and a credit to Cash in the amount of $598.d. The June 30 cash receipts of $2,185 were placed in the bank's night depository after banking hours and were notrecorded on the June 30 bank statement. 1Required informationUse 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 $15,408 debit balance and its bank statement shows $14,583 on deposit at theclose of business on June 30.a. Outstanding checks as of June 30 total $1,426.b. The June 30 bank statement lists a $75 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. DelGato Clinic mistakenly recorded it with a debit to Utilities Expense and a credit to Cash in the amount of $598.d. The June 30 cash receipts of $2,185 were placed in the bank's night depository after banking hours and were notrecorded on the June 30 bank statement.

Bank Reconciliation Statement :- Bank Reconciliation Statement means a statement showing the causes…

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 $15,408 debit balance and its bank statement shows $14,583 on deposit at the close of business on June 30. a. Outstanding checks as of June 30 total $1,426. b. The June 30 bank statement lists a $75 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 $598. d. The June 30 cash receipts of $2,185 were placed in the bank's night depository after banking hours and were not recorded on the June 30 bank statement.

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 $15,408 debit balance and its bank statement shows $14,583 on deposit at the close of business on June 30. a. Outstanding checks as of June 30 total $1,426. b. The June 30 bank statement lists a $75 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 $598. d. The June 30 cash receipts of $2,185 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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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…
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Need the answers to where it says (Instructions 1,2&3) thank you :)
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