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 $11,589 debit balance. Del Gato Clinic's June 30 bank statement shows $10,555 on deposit in the bank. a. Outstanding checks as of June 30 total $1,829 b. The June 30 bank statement lists a $16 service charge. c. Check No. 919, listed with the canceled checks, was correctly drawn for $467 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 $476. d. The June 30 cash receipts of $2,856 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

Answer 1

DEL GATO CLINIC
Bank Reconciliation
June 30, 2017
Bank statement balance		10,555	Book balance		11,589
Add:			Add:
Deposit in transit	2,856		Correction of book error	9
		2,856			9
Deduct:			Deduct:
Outstanding check	-1,829		Bank service charge	-16
		-1,829			-16
Adjusted bank balance		$11,582	Adjusted book balance		$11,582

Kindly comment if you need further assistance. Thanks‼!