Question

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 $1,433 b. The June 30 bank statement lists a $45 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 $2.947 were placed in the bank's night depository after banking hours and were not recorded on the June 30 bank statement Exercise 8-9 Bank reconciliation LO P3 Prepare a bank reconciliation for Del Gato Clinic using the above information: DEL GATO CLINIC Bank Reconciliation June 30, 2017 Book balance Add Bank statement balance Add / SHOP 0 Deduct 0 Deduct of Adjusted book balance Adjusted bank balance 5 0 5

Answer 1

DEL GATO CLINIC Bank Reconciliation June. 302017 $ 15,287 Book Blance $16.837 Bank statement balance Add: Bank Deposits Add: $ 2,947 S 95 9 $ 16,846 S 2,947 Eroor in check $ 18,234 Deduct: S 1,433 Bank Service Charge Deduct: Outstanding Checks 1,433 S 45 S 45 Adjusted bank balance $ 16.801 Adjsuted book Balance $16.801