80.2K

Verified Solution

Link Copied!

Required information Use the following information for the Exercises below. [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 $16,176 debit balance. Del Gato Clinic's June 30 bank statement shows $16,639 on deposit in the bank. a. Outstanding checks as of June 30 total $2,939. b. The June 30 bank statement lists a $100 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 Utitities Expense and a credit to Cash in the amount of $598. d. The June 30 cash receipts of $2,385 were placed in the bank's night depository after banking hours and were not recorded on the June 30 bank statement. Exercise 6-10 Adjusting entrles from bank reconclliation LO P3 Prepare the adjusting journal entries that Del Gato Clinic must record as a result of preparing the bank reconciliation. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Record the adjusting entry related to bank service charges, if necessary. Note: Enter debits before credits. Record the adjusting entry related to Check No. 919 , if necessary. Note: Enter debits before credits. Journal entry worksheet Record the adjusting entry related to outstanding checks, if necessary. Note: Enter debits before credits. Journal entry worksheet (1) Record the adjusting entry related to the June 30 deposit, if necessary. Note: Enter debits before credits

Answer & Explanation Solved by verified expert

See Answer