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 $14,022 debit balance. Del Gato Clinic’s June 30 bank statement shows $13,174 on deposit in the bank.
Prepare a bank reconciliation for Del Gato Clinic using the above information:
A.Outstanding checks as of June 30 total $2,034.
B.The June 30 bank statement lists a $90 service charge.
C. Check No. 919, listed with the canceled checks, was correctly drawn for $689 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 $698.
D. The June 30 cash receipts of $2,801 were placed in the bank’s night depository after banking hours and were not recorded on the June 30 bank statement.
DEL GATO CLINIC | |||
Bank Reconciliation | |||
June 30, 2017 | |||
Bank statement balance | $13,174 | Book balance | $14,022 |
Additions: | Additions: | ||
Deposit in transit | 2801 | Error on Ck. No. 919 | $9 |
$15,975 | $14,031 | ||
Deductions: | Deductions: | ||
Outstanding checks | $2,034 | Bank service charges | $90 |
Adjusted Balance per Bank Statement | $13,941 | Adjusted Balance per Books | $13,941 |
Use the following information for the Exercises below. [The following information applies to the questions displayed...
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 $14,022 debit balance. Del Gato Clinic’s June 30 bank statement shows $13,174 on deposit in the bank. Outstanding checks as of June 30 total $2,034. The June...
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 $14,022 debit balance. Del Gato Clinic’s June 30 bank statement shows $13,174 on deposit in the bank. Outstanding checks as of June 30 total $2,034. The June 30 bank statement lists a $90 service charge. Check No. 919, listed with the canceled checks, was...
Required information [The following information applies to the questions displayed below.] Del Gato Clinic's cash account shows a $16,827 debit balance and its bank statement shows $15,971 on deposit at the close of business on June 30. Outstanding checks as of June 30 total $2,010. The June 30 bank statement lists a $75 bank service charge. Check No. 919, listed with the canceled checks, was correctly drawn for $689 in payment of a utility bill on June 15. Del Gato...
Required information [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 $13,608 debit balance. Del Gato Clinic’s June 30 bank statement shows $14,083 on deposit in the bank. Outstanding checks as of June 30 total $3,097. The June 30 bank statement lists a $10...
Required information [The following information applies to the questions displayed below.) Del Gato Clinic's cash account shows a $12,827 debit balance and its bank statement shows $12,135 on deposit at the a. Outstanding checks as of June 30 total $1,769. 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 $689 in payment of a utility bill on June 15. Del Gato Clinic mistakenly recorded...
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 $16.837 debit balance. Del Gato Clinic's June 30 bank statement shows $15.287 on deposit in the bank a. Outstanding checks as of June 30 total...
Required information [The following information applies to the questions displayed below.] Del Gato Clinic's cash account shows a $12,724 debit balance and its bank statement shows $12,544 on deposit at the close of business on June 30. a. Outstanding checks as of June 30 total $2,216. b. The June 30 bank statement lists a $40 bank service charge. c. Check No. 919, listed with the canceled checks, was correctly drawn for $689 in payment of a utility bill on June...
Required information [The following information applies to the questions displayed below.] Del Gato Clinic's cash account shows a $14,986 debit balance and its bank statement shows $14,029 on deposit at the close of business on June 30. a. Outstanding checks as of June 30 total $1,671. b. The June 30 bank statement lists a $25 bank service charge. c. Check No. 919, listed with the canceled checks, was correctly drawn for $689 in payment of a utility bill on June...
Required information [The following information applies to the questions displayed below.] Del Gato Clinic's cash account shows a $12,827 debit balance and its bank statement shows $12,135 on deposit at the close of business on June 30. a. Outstanding checks as of June 30 total $1,769. 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 $689 in payment of a utility bill on June...
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 $16,731 debit balance. Del Gato Clinic's June 30 bank statement shows $16,482 on deposit in the bank. a. Outstanding checks as of June 30 total $2,555 b. The June 30 bank statement lists a $65...