Question

Del Gato Clinic's cash account shows a $16,181 debit balance and its bank statement shows $15.537 on deposit at the close of business on June 30. a. Outstanding checks as of June 30 total $2.330. b. The June 30 bank statement lists a $35 bank service charge. c. Check No. 919, listed with the canceled checks, was correctly drawn for $289 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 $298. d. The June 30 cash receipts of $2.948 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 DEL GATO CLINIC Bank Reconciliation June 30 Book balance Bank statement balance Ada Deduct: Deduct Adjusted bank balance 0 Adjusted book balance < Prey 9 of 11 Next > 0 9 hulu hulu N

Answer 1

Bank Reconciliation $16,181 Bank statement balance Add: Service charges $ 35 $ 15,537 Book balance Add: Outstanding checks $ 2,330 Wrong check(298 -289) | $ 9 Ś 35 $15,572 Less : Deposit in transit $(2,948) $ 2,339 $ 18,520 Less : $ (2,948) $ 15,572 Adjusted bank balance $ 15,572 Adjusted Book balance Please provide the feedback with UPVOTE