Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. del gato clinic deposits all cash receipts on the

Del Gato Clinic deposits all cash receipts on the day when...

90.2K

Verified Solution

Question

Accounting

image
Del Gato Clinic deposits all cash receipts on the day when they are received and it makes all cash payments by check. At the close of business on June 30, its Cash account shows an $13,529 debit balance. Del Gato Clinic's June 30 bank statement shows $13,934 on deposit in the bank. a. Outstanding checks as of June 30 total $2,970. b. The June 30 bank statement lists a $80 bank service charge. c. Check No. 919, listed with the canceled checks, was correctly drawn for $289 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 $298. d. The June 30 cash receipts of $2,494 were placed in the bank's night depository after banking hours and were not recorded on the June 30 bank statement. Exercise 6-10 Bank reconciliation LO P3 Prepare a bank reconciliation for Del Gato Clinic using the above information: DEL GATO CLINIC Bank Reconciliation June 30 Book balance Add: Bank statement balance Add: TU Deduct: Deduct / Adjusted bank balance Adjusted book balance

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Basic Math
1.2K views

One of the products produced by Branco Food Company is All-Bran Cereal, which competes with three...

Chemistry
1.2K views

1)A typical commercial antacid tablet contains 0.350 g of CaCO3 [MW=100.09 g/mol] as an active ingredient....

Psychology
1.2K views

1. During ancient times people often attributed mental illness to: diet evil spirts poor attachment germs 2. _____, a physician, is credited for...

Physics
1.2K views

36 1 7777 F 3 of static friction is always more than the coefficient of...

Physics
1.2K views

A current of 10 A is passing through an aluminium wire of cross sectional area...

Basic Math
1.2K views

An alligator s tail length is proportional to its body length An alligator with a...

Accounting
1.2K views

P9-3 (Static) Computing Equal Periodic Debt Payments, and Completing a Schedule L09-2 Alimentex...

Accounting
1.2K views

Is it appropriate for accounting standard-setting bodies to consider culture and religion when devising accounting...

Accounting
1.2K views

A July sales forecast projects that 6000 units are going to be sold at a...

Finance
1.2K views

red 1.0 on Which of the following statements about paper-money-based payment systems are true? 1)...

Accounting
1.2K views

QUESTION 1 (35 MARK (52.5 MINUTE You are the accountant of MrClean Ltd, a manufacturer...

Accounting
1.2K views

on comx25 Seved The manufacturer of a laser printer reports the mean number of pages...