[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 6-13 (Algo) Adjusting entries from bank reconciliation LO P3 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.) X Answer is not complete. No Transaction General Journal Debit Credit 2 b. Collection expense 45 O Cash 45 O 3 C. Cash 9 Utilities expense 9
[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 6-13 (Algo) Adjusting entries from bank reconciliation LO P3 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.) X Answer is not complete. No Transaction General Journal Debit Credit 2 b. Collection expense 45 O Cash 45 O 3 C. Cash 9 Utilities expense 9
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Available Options Are: Accounts Payable,
![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 6-13 (Algo) Adjusting entries from bank reconciliation LO P3
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.)
X Answer is not complete.
No
Transaction
General Journal
Debit
Credit
2
b.
Collection expense
45
Cash
45
3
C.
Cash
Utilities expense](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fccb668bc-10a4-4aaf-a388-7b2b8ddb3a25%2F51a43018-d850-4786-bc27-57baf0a1ec37%2Feq81gy2_processed.png&w=3840&q=75)
Transcribed Image Text: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 6-13 (Algo) Adjusting entries from bank reconciliation LO P3
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.)
X Answer is not complete.
No
Transaction
General Journal
Debit
Credit
2
b.
Collection expense
45
Cash
45
3
C.
Cash
Utilities expense
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