Required informationUse the following information for the Exercises below.[The following information applies to the questions displayed below.]Del Gato Clinic's cash account shows a $15,937 debit balance and its bank statement shows $15,527 on deposit at theclose of business on June 30.a. Outstanding checks as of June 30 total $2,119.b. The June 30 bank statement lists a $25 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. DelGato 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 $2,513 were placed in the bank's night depository after banking hours and were notrecorded on the June 30 bank statement.Exercise 6-12 Bank reconciliation LO P3Prepare its bank reconciliation using the above information.X Answer is not complete.DEL GATO CLINICBank ReconciliationJune 3015,9372415,527 O Book balanceBank statement balanceAdd:Add:...< Prev3of 5Next > c. Check No. 919, listed with the canceled checks, was correctly drawn for $389 in payment of a utillty bill on June 15. DelGato 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 $2,513 were placed in the bank's night depository after banking hours and were notrecorded on the June 30 bank statement.Exercise 6-12 Bank reconciliation LO P3Prepare its bank reconciliation using the above information.X Answer is not complete.DEL GATO CLINICBank ReconciliationJune 30Bank statement balance$5,527Book balance2$15,937Add:Add:Bank service charge25 XOutstanding checks X$2,119Book balance2,5132,5389212818,06518,065Deduct:Deduct:2,119 OBank service charge25 OOutstanding checks9 X2,128Book balance2,513 X2,538Adjusted book balance$15,527Adjusted bank balance15,937< Prevof 5Next >3.

Introduction: A check that has been written but not cashed, deposited, or otherwise cleared the bank…

Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below.] Del Gato Clinic's cash account shows a $15,937 debit balance and its bank statement shows $15,527 on deposit at the close of business on June 30. a. Outstanding checks as of June 30 total $2,119. b. The June 30 bank statement lists a $25 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 $2,513 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 below. [The following information applies to the questions displayed below.] Del Gato Clinic's cash account shows a $15,937 debit balance and its bank statement shows $15,527 on deposit at the close of business on June 30. a. Outstanding checks as of June 30 total $2,119. b. The June 30 bank statement lists a $25 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 $2,513 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 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 $15,804 debit balance and its bank statement shows $15,859 on deposit at the close of business on June 30. a. Outstanding checks as of June 30 total $2,407. 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 $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 $2,316 were placed in the bank's night depository after banking hours and were not recorded on the June 30 bank statement. Exercise 6-12 (Algo) Bank reconciliation LO P3 Prepare its bank reconciliation using the above information. DEL GATO CLINIC Bank Reconciliation June 30 Bank statement balance Book balance…
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The following information applies to the questions displayed below.]Del Gato Clinic's cash account shows a $13,712 debit balance and its bank statement shows $14,151 on deposit at the close of business on June 30. Outstanding checks as of June 30 total $2,593. The June 30 bank statement lists a $20 bank service charge. 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. The June 30 cash receipts of $2,143 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.
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 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 $16,473 debit balance and its bank statement shows $15,762 on deposit at the close of business on June 30. a. Outstanding checks as of June 30 total $2,180. 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 $2,830 were placed in the bank's night depository after banking hours and were not recorded on the June 30 bank statement. Exercise 6-12 (Algo) Bank reconciliation LO P3 Prepare its bank reconciliation using the above information. Bank statement balance Add: Deduct: Adjusted bank balance DEL GATO CLINIC Bank…
Required information Skip to question [The following information applies to the questions displayed below.]Del Gato Clinic's cash account shows a $14,089 debit balance and its bank statement shows $13,053 on deposit at the close of business on June 30. Outstanding checks as of June 30 total $1,797. The June 30 bank statement lists a $95 bank service charge. 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. The June 30 cash receipts of $2,747 were placed in the bank’s night depository after banking hours and were not recorded on the June 30 bank statement. Prepare the adjusting 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.)
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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.
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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
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…
Required information [The following information applies to the questions displayed below.] Del Gato Clinic's cash account shows an $12,643 debit balance and its bank statement shows $11,380 on deposit at the close of business on June 30. a. Outstanding checks as of June 30 total $1,216. 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 $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 $2,403 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…