Required information [The following information applies to the questions displayed below.] Del Gato Clinic's cash account shows an $16,361 debit balance and its bank statement shows $16,863 on deposit a the close of business on June 30. a. Outstanding checks as of June 30 total $2,766. b. The June 30 bank statement lists a $45 bank service charge. c. Check No. 919, listed with the canceled checks, was correctly drawn for $289 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 $298. d. The June 30 cash receipts of $2,228 were placed in the bank's night depository after banking hours and were r recorded on the June 30 bank statement.
Required information [The following information applies to the questions displayed below.] Del Gato Clinic's cash account shows an $16,361 debit balance and its bank statement shows $16,863 on deposit a the close of business on June 30. a. Outstanding checks as of June 30 total $2,766. b. The June 30 bank statement lists a $45 bank service charge. c. Check No. 919, listed with the canceled checks, was correctly drawn for $289 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 $298. d. The June 30 cash receipts of $2,228 were placed in the bank's night depository after banking hours and were r recorded on the June 30 bank statement.
Chapter8: Fraud, Internal Controls, And Cash
Section: Chapter Questions
Problem 11EB: Using the following information, prepare a bank reconciliation. Bank balance: $12,565. Book...
Related questions
Question
I need help.
![!
Required information
[The following information applies to the questions displayed below.]
Del Gato Clinic's cash account shows an $16,361 debit balance and its bank statement shows $16,863 on deposit at
the close of business on June 30.
a. Outstanding checks as of June 30 total $2,766.
b. The June 30 bank statement lists a $45 bank service charge.
c. Check No. 919, listed with the canceled checks, was correctly drawn for $289 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
$298.
d. The June 30 cash receipts of $2,228 were placed in the bank's night depository after banking hours and were not
recorded on the June 30 bank statement.
Prepare its bank reconciliation using the above information.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd4837544-d65f-4a45-9611-f9a798d55049%2Fb58bf69f-2984-4633-aa4f-f42a8a44d21e%2F5e3d8g_processed.png&w=3840&q=75)
Transcribed Image Text:!
Required information
[The following information applies to the questions displayed below.]
Del Gato Clinic's cash account shows an $16,361 debit balance and its bank statement shows $16,863 on deposit at
the close of business on June 30.
a. Outstanding checks as of June 30 total $2,766.
b. The June 30 bank statement lists a $45 bank service charge.
c. Check No. 919, listed with the canceled checks, was correctly drawn for $289 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
$298.
d. The June 30 cash receipts of $2,228 were placed in the bank's night depository after banking hours and were not
recorded on the June 30 bank statement.
Prepare its bank reconciliation using the above information.
Transcribed Image Text:Bank statement balance
Add:
Deduct:
Adjusted bank balance
$
DEL GATO CLINIC
Bank Reconciliation
June 30
Book balance
Add:
0
0
Deduct:
0
0 Adjusted book balance
$
0
0
0
0
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College
College Accounting (Book Only): A Career Approach
Accounting
ISBN:
9781337280570
Author:
Scott, Cathy J.
Publisher:
South-Western College Pub
Excel Applications for Accounting Principles
Accounting
ISBN:
9781111581565
Author:
Gaylord N. Smith
Publisher:
Cengage Learning
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College
College Accounting (Book Only): A Career Approach
Accounting
ISBN:
9781337280570
Author:
Scott, Cathy J.
Publisher:
South-Western College Pub
Excel Applications for Accounting Principles
Accounting
ISBN:
9781111581565
Author:
Gaylord N. Smith
Publisher:
Cengage Learning
Century 21 Accounting Multicolumn Journal
Accounting
ISBN:
9781337679503
Author:
Gilbertson
Publisher:
Cengage
Survey of Accounting (Accounting I)
Accounting
ISBN:
9781305961883
Author:
Carl Warren
Publisher:
Cengage Learning