Question

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 $15,734 debit balance and its bank statement shows $14,647 on deposit at the close of business on June 30. a. Outstanding checks as of June 30 total $1,178. b. The June 30 bank statement lists a $65 bank service charge. c. Check No. 919, listed with the canceled checks, was correctly drawn for $189 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 $198. d. The June 30 cash receipts of $2,209 were placed in the bank's night depository after banking hours and were not recorded on the June 30 bank statement.

Answer 1

DEL GATO CLINIC

Bank Reconciliation

June 30

Bank statement balance		$ 14,647	Book balance		$ 15,734
Add:			Add:
Deposit on  June 30	2,209		Error on check No 919 [$198 - $189]	9
		2,209			9
		16,856			15,743
Deduct:			Deduct:
Outstanding checks	1,178		Bank service charges	65
		1,178			65
Adjusted bank balance		15,678	Adjusted bank balance		15,678