Adjusting entries from bank reconciliation Prepare the adjusting journal entries that Del Gato Clinic must record as a result of preparing the bank reconciliation in Exercise 8-7.

Exercise 8-7:

Bank reconciliation

Del Gato Clinic deposits all cash receipts on the day they are received and it makes all cash payments by check. At the close of business on June 30, 2008, its Cash account shows an \($11,589\) debit balance.
Del Gato Clinic’s June 30 bank statement shows \($10,555\) on deposit in the bank. Prepare a bank reconciliation for Del Gato Clinic using the following information:

a. Outstanding checks as of June 30 total \( $1,829.\)

b. The June 30 bank statement included a \($16\) debit memorandum for bank services.

c. Check No. 919, listed with the canceled checks, was correctly drawn for \($467\) 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 \( $476.\)

e. The June 30 cash receipts of \($2,856\) were placed in the bank’s night depository after banking hours and were not recorded on the June 30 bank statement.