[The following information applies to the questions displayed below.] Del Gato Clinic's cash account shows a $11,629 debit balance and its bank statement shows $10,942 on deposit at t close of business on June 30. a. Outstanding checks as of June 30 total $1,661. b. The June 30 bank statement lists a $65 bank service charge. c. Check No. 919, listed with the canceled checks, was correctly drawn for $889 in payment of a utility bill on June Gato Clinic mistakenly recorded it with a debit to Utilities Expense and a credit to Cash in the amount of $898. d. The June 30 cash receipts of $2,292 were placed in the bank's night depository after banking hours and were no recorded on the June 30 bank statement. Prepare its bank reconciliation using the above information. DEL GATO CLINIC Bank Reconciliation June 30 Bank statement balance Book balance Add Add: Deduct: Deduct: Adjusted bank balance Adjusted book balance
[The following information applies to the questions displayed below.] Del Gato Clinic's cash account shows a $11,629 debit balance and its bank statement shows $10,942 on deposit at t close of business on June 30. a. Outstanding checks as of June 30 total $1,661. b. The June 30 bank statement lists a $65 bank service charge. c. Check No. 919, listed with the canceled checks, was correctly drawn for $889 in payment of a utility bill on June Gato Clinic mistakenly recorded it with a debit to Utilities Expense and a credit to Cash in the amount of $898. d. The June 30 cash receipts of $2,292 were placed in the bank's night depository after banking hours and were no recorded on the June 30 bank statement. Prepare its bank reconciliation using the above information. DEL GATO CLINIC Bank Reconciliation June 30 Bank statement balance Book balance Add Add: Deduct: Deduct: Adjusted bank balance Adjusted book balance
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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