[The following information applies to the questions displayed below.] Del Gato Clinic's cash account shows an $13,398 debit balanceand its bank statement shows $13,568 on deposit at the close of business on June 30. Outstanding checks as of June 30 total $2,384. The June 30 bank statement lists a $95 bank service charge. Check No. 919, listed with the canceled checks, was correctlydrawn for $789 in payment of a utility bill on June 15. Del Gato Clinic mistakenly recorded it with a debit to Utilities Expense and acredit to Cash in the amount of $798. The June 30 cash receipts of $2, 128 were placed in the bank's night depository after bankinghours and were not recorded on the June 30 bank statement. Prepare its bank reconciliation using the above information.

Disparities between the amount indicated in the account holder's records and the cash balance…

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[The following information applies to the questions displayed below.] Del Gato Clinic's cash account shows an $13,398 debit balance

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 $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…
Required information [The following information applies to the questions displayed below.] Del Gato Clinic's cash account shows a $15,619 debit balance and its bank statement shows $15,239 on deposit at the close of business on June 30. a. Outstanding checks as of June 30 total $2,083. b. The June 30 bank statement lists a $90 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 $2,382 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 i DEL GATO CLINIC Bank Reconciliation June 30 Book balance Add: Deduct Adjusted book balance
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Required information [The following information applies to the questions displayed below.] Del Gato Clinic's cash account shows a $13,982 debit balance and its bank statement shows $14,264 on deposit at the close of business on June 30. a. Outstanding checks as of June 30 total $2,928. 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 $289 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 $298. d. The June 30 cash receipts of $2,630 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
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for 5, 6, and 7
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