Del Gato Clinic's cash account shows an $17,223 debit balance and its bank statement shows $16,815...

 

Transcribed Image Text:

Del Gato Clinic's cash account shows an $17,223 debit balance and its bank statement shows $16,815 on deposit at the close of business on June 30. a. Outstanding checks as of June 30 total $2,504. 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 $189 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 $198. d. 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. Prepare its bank reconciliation using the above information. DEL GATO CLINIC Bank Reconciliation June 30 Bank statement balance Add: $ 16,815 Book balance Add: Deposit of June 30 Deduct: Outstanding checks 2,504 Adiusted bank balance Error on Check Number 919 0 16,815 Deduct: Bank service charge 65 2,504 $ 14,311 Adiusted book balance 17,223 0 17,223 65 $ 17.158 Del Gato Clinic's cash account shows an $17,223 debit balance and its bank statement shows $16,815 on deposit at the close of business on June 30. a. Outstanding checks as of June 30 total $2,504. 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 $189 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 $198. d. 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. Prepare its bank reconciliation using the above information. DEL GATO CLINIC Bank Reconciliation June 30 Bank statement balance Add: $ 16,815 Book balance Add: Deposit of June 30 Deduct: Outstanding checks 2,504 Adiusted bank balance Error on Check Number 919 0 16,815 Deduct: Bank service charge 65 2,504 $ 14,311 Adiusted book balance 17,223 0 17,223 65 $ 17.158