Required information Use the following information for the Exercises 12-13 below. (Algo) [The...
60.1K
Verified Solution
Link Copied!
Question
Accounting
Required information Use the following information for the Exercises 12-13 below. (Algo) [The following information applies to the questions displayed below.] Del Gato Clinic's cash account shows an $13,093 debit balance and its bank statement shows $13,351 on deposit at the close of business on June 30. a. Outstanding checks as of June 30 total $2,743. b. The June 30 bank statement lists a $70 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 $2,424 were placed in the bank's night depository after banking hours and were not recorded on the June 30 bank statement. Exercise 6-12 (Algo) Bank reconciliation LO P3 Exercise 6-12 (Algo) Bank reconciliation LO P3 Prepare its bank reconciliation using the above information. DEL GATO CLINIC Bank Reconciliation June 30 Bank statement balance $ 13,351 Book balance $ 13,093 Add: Add: Error on Ck. No. 919 0 0 13,351 13,093 Deduct: Deduct: Outstanding checks 0 0 Adjusted bank balance $ 13,351 Adjusted book balance $ 13,093
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!
