Austin Clinic deposits all cash receipts on the day when they are received and it makes all
Question:
a. Outstanding checks as of June 30 total $2,700.
b. The June 30 bank statement included a $65 debit memorandum for bank services.
c. Check No. 919, listed with the canceled checks, was correctly drawn for $489 in payment of a utility bill on June 15. Austin Clinic mistakenly recorded it with a debit to Utilities Expense and a credit to Cash in the amount of $498.
d. The June 30 cash receipts of $2,933 were placed in the bank’s night depository after banking hours and were not recorded on the June 30 bank statement.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Question Posted: