Question

Required information Use the following information for the Exercises below. The following information applies to the questions displayed below] 9.11 points Skipped 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 $14,424 debit balance. Del Gato Clinic's June 30 bank statement shows $13,587 on deposit in the bank. a. Outstanding checks as of June 30 total $1,472 b. The June 30 bank statement lists a $40 service charge. c. Check No. 919, listed with the canceled checks, was correctly drawn for $789 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 $798 d. The June 30 cash receipts of $2,278 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 June 30, Bank statement balance Book balance Add Add Deduct Deduct Adjusted bank balance 0 Adjusted book balance

Answer 1

Bank reconcilation June 30 2017
Balance as per Bank	13587	Balance as per Book	14424
Add:deposit in transit	2278	Add:error in recording check [798-789]	9
less:outstanding checks	(1472)	less:Bank charge	(40)
Adjusted bank balance	14393	Adjusted book balance	14393