Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. required information [the following information a

Required information [The following information applies to the questions displayed below] Del...

60.1K

Verified Solution

Question

Accounting

Required information
[The following information applies to the questions displayed below]
Del Gato Clinic's cash account shows an $17,106 debit balance and its bank statement shows $16,630 on deposit at the close of business on June 30.
a. Outstanding checks as of June 30 total $2,420.
b. The June 30 bank statement lists a $50 bank service charge.
c. Check No.919, listed with the canceled checks, was correctly drawn for $689 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 $698.
d. The June 30 cash receipts of $2,855 were placed in the bank's night depository after banking hours and were not recorded on the June 30 bank statement.
Prepare its bank reconciliation using the above information.
\table[[DEL GATO CLINIC],[Bank Reconciliation],[June 30],[Bank statement balance,,Book balance,],[Add:,Add:],[,,Z,],[,0,,0],[,0,,0],[Deduct,Deduct],[F],[,0,,0],[Adjusted bank balance,Adjusted book balance,$
image

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

Geometry
1.2K views

Radius OA of circle O has a slope of 2.5. What is the slope of...

Programming
1.2K views

Give the line numbers executed once power is applied, assuming the switch is released(it starts from...

Basic Math
1.2K views

9 Why does GDP underestimate the actual amount of output produced in an economy Percent...

Basic Math
1.2K views

Write an equation that models the linear situation:A train starts a trip of 420 miles...

Statistics
1.2K views

The data show the number of hours of television watched per day by a sample...

Algebra
1.2K views

9 g x dx such that A expresses the area of the region between the...

Accounting
1.2K views

Puget Sound Divers is a company that provides...

Accounting
1.2K views

Part 2, assume actual sales are 250,000 units and target ending inventory is 10,000...

Accounting
1.2K views

Cambridge Company purchased a truck on January 1, 2018. Cambridge paid $24,000 for the truck....

Accounting
1.2K views

You are deciding between the outright purchase of a machine with an expected five-year life...

Accounting
1.2K views

Check The adjusted trial balance of Pacific Scenic Corporation on December 31, 2021 the end...

Finance
1.2K views

Webb's expected mission duration is 20-30 years Unlimited since no fuel is required...