[The following information applies to the questions displayed below.) Del Gato Clinic's cash account shows an $15,019 debit balance and its bank statement shows $14,040 on deposit at the close of business on June 30. a. Outstanding checks as of June 30 total $1,801. 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 $689 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 $698. d. The June 30 cash receipts of $2,694 were placed in the bank's night depository after banking hours and were not recorded on the June 30 bank statement Exercise 8-12 (Algo) Bank reconciliation LO P3 Prepare its bank reconciliation using the above information. Bank statement balance Add: Deduct DEL GATO CLINIC Bank Reconciliation June 30 Book balance Add: Deduct Adjusted bank balance Adjusted book balance
[The following information applies to the questions displayed below.) Del Gato Clinic's cash account shows an $15,019 debit balance and its bank statement shows $14,040 on deposit at the close of business on June 30. a. Outstanding checks as of June 30 total $1,801. 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 $689 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 $698. d. The June 30 cash receipts of $2,694 were placed in the bank's night depository after banking hours and were not recorded on the June 30 bank statement Exercise 8-12 (Algo) Bank reconciliation LO P3 Prepare its bank reconciliation using the above information. Bank statement balance Add: Deduct DEL GATO CLINIC Bank Reconciliation June 30 Book balance Add: Deduct Adjusted bank balance Adjusted book balance
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter6: Bank Accounts, Cash Funds, And Internal Controls
Section: Chapter Questions
Problem 4PA
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Question

Transcribed Image Text:[The following information applies to the questions displayed below.)
Del Gato Clinic's cash account shows an $15,019 debit balance and its bank statement shows $14,040 on deposit at the
close of business on June 30.
a. Outstanding checks as of June 30 total $1,801.
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 $689 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 $698.
d. The June 30 cash receipts of $2,694 were placed in the bank's night depository after banking hours and were not
recorded on the June 30 bank statement
Exercise 8-12 (Algo) Bank reconciliation LO P3
Prepare its bank reconciliation using the above information.
Bank statement balance
Add:
Deduct
DEL GATO CLINIC
Bank Reconciliation
June 30
Book balance
Add:
Deduct
Adjusted bank balance
Adjusted book balance
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