FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Use the following information for the Exercises 12 below. (Algo)

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Del Gato Clinic's cash account shows an $13,236 debit balance and its bank statement shows $12,096 on deposit at the close of business on June 30.

  1. Outstanding checks as of June 30 total $1,284.
  2. The June 30 bank statement lists a $70 bank service charge.
  3. 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.
  4. The June 30 cash receipts of $2,363 were placed in the bank’s night depository after banking hours and were not recorded on the June 30 bank statement.

 

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