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 $15,966 debit balance. Del Gato Clinic's June 30 bank statement shows $16,274 on deposit in the bank. a. Outstanding checks as of June 30 total $2,515 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 $2,171 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 Bank statement balance Book balance Add Add Deduct Deduct Adjusted bank balance Adjusted book balance

Answer 1

Post 8-11 separately.

a		DEL GATO CLINICS
		Bank Reconciliation
		June 30 2017
	Particulars	Amount	Particulars	Amount
	Bank Reconciliation Balance	16274	Book Balance	15966
	Add:Deposit of June 30	2171	Add Error on Check No 919	9
		18445		15975
	Less Outstanding Checks	2515	Less Bank Service Charge	45
	Adjusted Bank Balance	15930	Adjusted Bank Balance	15930
b		Journal Entries
	Date	Account Title	Debit-$	Credit-$
	a	No Entry
	b	Misc Expenses	45
		Cash		45
		to record bank service charges
	c	Cash	9
		Utilities Expenses		9
		to record the adj entry for utilities exp
	d	No Entry