Question: please answer all questions a. b. c. d. Del Gato Clinic's cash account shows an $17,197 debit baiance and its bank statement shows $15,680 on




Del Gato Clinic's cash account shows an $17,197 debit baiance and its bank statement shows $15,680 on deposit at the close of business on June 30 . a. Outstanding checks as of June 30 total $1,448. b. The June 30 bank statement lists a $40 bank service charge. c. Check No. 919 , listed with the canceled checks, was correctly drawn for $589 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 $598. d. The June 30 cash receipts of $2,934 were placed in the bank's night depository after banking hours and were not recorded on the June 30 bank statement. Prepare its bank reconclliation using the above information. [The following information applies to the questions displayed below] Following are transactions of Danica Company. December 13 Aceepted a $28,000,45-day, 68 note in granting Miranda Lee a time extension on her past-due account receivable. December 31 Prepared an adjusting entry to record the acerued interest on the Lee note. Complete the table to calculate the interest amounts at December 31st and use the calculated value to prepare your journal entries Note: Do not round your intermediate calculations. Use 360 days a year. Complete this question by entering your answers in the tabs below. Complete the table to calculate the interest amounts at December 31st, [The following information applies to the questions displayed below.] Following are transactions of Danica Company. December 13 Accepted a $28,000,45-day, 61 note in granting Miranda Lee a time extension on her past-due account receivable. December 31 prepared an adjusting entry to record the accrued interest on the Lee note. Complete the table to calculate the interest amounts at December 31st and use the calculated value to prepare your journal entries. Note: Do not round your intermediate calculations. Use 360 days a year. Complete this question by entering your answers in the tabs below. Use the calculated value to prepare your journal entries. Journal entry worksheet Record acceptance of a $28,000,45-day, 6% note in granting Miranda Lee a time extension on her past-due account receivable. Following are transactions of Danica Company. Decenber 13 Necepted a $28,000,45-day, 6 note In granting Miranda tee a time extension on her past-due account receivable. Decerber 31 Prepared an adjusting eatry to record the acerued interest on the lee note. Complete the table to calculate the interest amounts at December 31st and use the calculated value to prepare your journal entries. Note: Do not round your intermediate calculations. Use 360 days a year. Complete this question by entering your answers in the tabs below. Use the calculated value to prepare your foumal entries. Journal entry worksheet Prepare an adjusting entry to record the accrued interest on the Lee note. Del Gato Clinic's cash account shows an $17,197 debit baiance and its bank statement shows $15,680 on deposit at the close of business on June 30 . a. Outstanding checks as of June 30 total $1,448. b. The June 30 bank statement lists a $40 bank service charge. c. Check No. 919 , listed with the canceled checks, was correctly drawn for $589 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 $598. d. The June 30 cash receipts of $2,934 were placed in the bank's night depository after banking hours and were not recorded on the June 30 bank statement. Prepare its bank reconclliation using the above information. [The following information applies to the questions displayed below] Following are transactions of Danica Company. December 13 Aceepted a $28,000,45-day, 68 note in granting Miranda Lee a time extension on her past-due account receivable. December 31 Prepared an adjusting entry to record the acerued interest on the Lee note. Complete the table to calculate the interest amounts at December 31st and use the calculated value to prepare your journal entries Note: Do not round your intermediate calculations. Use 360 days a year. Complete this question by entering your answers in the tabs below. Complete the table to calculate the interest amounts at December 31st, [The following information applies to the questions displayed below.] Following are transactions of Danica Company. December 13 Accepted a $28,000,45-day, 61 note in granting Miranda Lee a time extension on her past-due account receivable. December 31 prepared an adjusting entry to record the accrued interest on the Lee note. Complete the table to calculate the interest amounts at December 31st and use the calculated value to prepare your journal entries. Note: Do not round your intermediate calculations. Use 360 days a year. Complete this question by entering your answers in the tabs below. Use the calculated value to prepare your journal entries. Journal entry worksheet Record acceptance of a $28,000,45-day, 6% note in granting Miranda Lee a time extension on her past-due account receivable. Following are transactions of Danica Company. Decenber 13 Necepted a $28,000,45-day, 6 note In granting Miranda tee a time extension on her past-due account receivable. Decerber 31 Prepared an adjusting eatry to record the acerued interest on the lee note. Complete the table to calculate the interest amounts at December 31st and use the calculated value to prepare your journal entries. Note: Do not round your intermediate calculations. Use 360 days a year. Complete this question by entering your answers in the tabs below. Use the calculated value to prepare your foumal entries. Journal entry worksheet Prepare an adjusting entry to record the accrued interest on the Lee
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
