Question

The following intormation 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 $14,042 debit balance. Del Gato Clinic's June 30 bank statement shows $13.916 on deposit in the bank. a. Outstanding checks as of June 30 total $2.913. b. The June 30 bank statement lists a $45 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 $3,003 were placed in the bank's night depository after banking hours and were not recorded on the June 30 bank statement Exercise 6-9 Bank reconciliation LO P3 Prepare a bank reconciliation for Del Gato Clinic using the above information:

Answer 1

DEL GATO CLINIC
Bank Reconciliation
June 30, 2017
Bank statement balance		13,916	Book balance		14,042
Add:			Add:
Deposit in transit	3,003		Correction of book error	9
		3,003			9
Deduct:			Deduct:
Outstanding check	-2,913		Bank service charge	-45
		-2,913			-45
Adjusted bank balance		$14,006	Adjusted book balance		$14,006

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