Question

Required information [The following information applies to the questions displayed below) Del Gato Clinic's cash account shows a $13,800 debit balance and its bank statement shows $13,560 on deposit at the close of business on June 30. a. Outstanding checks as of June 30 total $2,742. 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 $589 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 $598. d. The June 30 cash receipts of $2,956 were placed in the bank's night depository after banking hours and were not recorded on the June 30 bank statement.

Answer 1

$13,800 Add: DEL GATO CLINIC Bank Reconciliation June 30 Bank statement balang $13, 560 Book balance Add: Deposit of June 30 $2,956 Erronon Ck. No.919 $ 9 $ 2,956 & 16,516 Deduct: Deduct: Outstanding checks $2,742 Bank service charge $ 35 $ 2, 742 Adjusted bank $13,774 Adjusted book balans Calculation Error CK. No. 919 = $598- $589 = $ 9 & 9 $ 13,809 &35 & 13,774 balance