[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.
[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.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
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.
![Required Information
[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.
a. Outstanding checks as of June 30 total $1,797.
b. The June 30 bank statement lists a $95 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 $2,747 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:
Deposit of June 30
Outstanding checks
Deduct:
Adjusted bank balance
DEL GATO CLINIC
Bank Reconciliation
June 30
$
0
0
Book balance
Add:
Deduct:
0
0 Adjusted book balance
$
0
0](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff6f91fd2-a8f3-4a2e-bb42-a8593f8622b2%2F45714b46-2ab3-4276-af1b-bb82ad2d5d3e%2Fn7vzj2_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 a $14,089 debit balance and its bank statement shows $13,053 on deposit at the
close of business on June 30.
a. Outstanding checks as of June 30 total $1,797.
b. The June 30 bank statement lists a $95 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 $2,747 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:
Deposit of June 30
Outstanding checks
Deduct:
Adjusted bank balance
DEL GATO CLINIC
Bank Reconciliation
June 30
$
0
0
Book balance
Add:
Deduct:
0
0 Adjusted book balance
$
0
0
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 1 images
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education