Question

prepare its bank reconciliation

Ch 06 Homework Help Save & Submit Check my work Required information Use the following information for the Exercises below. The following information applies to the questions displayed below Del Gato Clinic's cash account shows a $12,506 debit balance and its bank statement shows $12.436 on depositat the dose of business on June 30 a. Outstanding checks as of June 30 total $2.474 b. The June 30 bank statement lists a $50 bank service charge c. Check No. 919. listed with the canceled checks, was correctly drawn for $589 in payment of a utility b onu 15. Del Gato Clinic mistakenly recorded it with a debit to Ultes Expense and a credit to Cash in the amount of $500 d. The June 30 cash recepts of $2,493 were placed in the bank's night depository at banking hours and were not recorded on the June 30 bank statement Exercise 6-12 Bank reconciliation LO P3 Prepare its bank reconciliation using the above information

Answer 1

$ 12,506 Bank statement balance Add: Bank Service charges NSF Check Wrong drawn $ 60 Bank Reconciliation 30-Jun $12,436 Book balance Add: Outstanding checks $ 2,474 Wrong record (598-589) $ 9 $ 60 $12,496 Less : Deposit in transit $(2,493) $ 2,483 $ 14,989 Less : $ (2,493) $ 12,496 Adjusted bank balance $ 12,496 Adjusted Book balance Please provide the feedback with UPVOTE