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 $15,532 debit balance and its bank statement shows $14,896 on deposit at the close of business on June 30. a. Outstanding checks as of June 30 total $1,747. b. The June 30 bank statement lists'a $15 bank service charge. c. Check No. 919, listed with the canceled checks, was correctly drawn for $589 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 $598. d. The June 30 cash receipts of $2,377 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: DEL GATO CLINIC Bank Reconciliation June 30 Book balance Add:
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 $15,532 debit balance and its bank statement shows $14,896 on deposit at the close of business on June 30. a. Outstanding checks as of June 30 total $1,747. b. The June 30 bank statement lists'a $15 bank service charge. c. Check No. 919, listed with the canceled checks, was correctly drawn for $589 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 $598. d. The June 30 cash receipts of $2,377 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: DEL GATO CLINIC Bank Reconciliation June 30 Book balance Add:
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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 $15,532 debit balance and its bank statement shows $14,896 on deposit at the
close of business on June 30.
a. Outstanding checks as of June 30 total $1,747.
b. The June 30 bank statement lists'a $15 bank service charge.
c. Check No. 919, listed with the canceled checks, was correctly drawn for $589 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 $598.
d. The June 30 cash receipts of $2,377 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:
DEL GATO CLINIC
Bank Reconciliation
June 30
Book balance
Add:
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