Required information [The following information applies to the questions displayed below.] Del Gato Clinic deposits...
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Required information [The following information applies to the questions displayed below.] 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, 2017, its Cash account shows an $16,066 debit balance. Del Gato Clinic's June 30 bank statement shows $14,988 on deposit in the bank. a. Outstanding checks as of June 30 total $1,531 b. The June 30 bank statement lists a $75 service charge. c. Check No. 919, listed with the canceled checks, was correctly drawn for $489 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 $498. d. The June 30 cash receipts of $2,543 were placed in the bank's night depository after banking hours and were not recorded on the June 30 bank statement Prepare a bank reconciliation for Del Gato Clinic using the above information: DEL GATO CLINIC Reconciliation June 30, 2017 Bank statement balance Book balance Add: Add: 0 0 0 0 Deduct Deduct: 0 0 Adjusted bank balance $ 0 Adjusted book balance 0
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