The following information applies to the questions displayed below.] Del Gato Clinic deposits all cash...
70.2K
Verified Solution
Link Copied!
Question
Accounting
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 $11,592 debit balance. Del Gato Clinics June 30 bank statement shows $11,905 on deposit in the bank.
Outstanding checks as of June 30 total $2,487.
The June 30 bank statement lists a $30 service charge.
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.
The June 30 cash receipts of $2,153 were placed in the banks 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:
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!
