Question

kes all cash pay $11,589 debit bal. deposit in the bank. Prepare a bal Del Gato Clinic deposits all cash receipts on the day when they are y are received and it makes all ments by check. At the close of business on June 30, 2017, its Cash of business on June 30, 2017, its Cash account shows an $11.58 ance. Del Gato Clinic's June 30 bank statement shows $10,5) om reconciliation for Del Gato Clinic using the following informats a. Outstanding checks as of June 30 total $1,829. b. The June 30 bank statement lists a $16 bank service charge. c. Check No. 919, listed with the canceled checks, was correchy bill on June 15. Del Gato Clinic mistakenly recorded it with a takenly recorded it with a debit to Utilities Expense and a credit 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 hou and were not recorded on the June 30 bank statement. in payment of a utility Prepare the adjusting journal entries that Del Gato Clinic must record as a result of preparing the bank reconciliation in Exercise 8-9. *

need the adjusting journal

Answer 1

Solution :

Del Gato Clinic
Bank Reconciliation - June 30, 2017
Bank's Cash balance		Company's cash balance
Particulars	Amount	Particulars	Amount
Ending balance as per Bank Statements	$10,555.00	Ending Balance as per cash books	$11,589.00
Additions:		Additions:
Outstanding cash receipt	$2,856.00	Incorrect recording of check 919	$9.00
Deductions:		Deductions:
Outstanding Checks	$1,829.00	Service Charge	$16.00
Up to date cash balance as per bank	$11,582.00	Up to date cash balance as per books	$11,582.00

Solution 2:

Journal Entries - Del Gato Clinic
Date	Particulars	Debit	Credit
a	No Journal Entry Required
b	Miscellenous Expenses Dr	$16.00
	To Cash		$16.00
	(Being service charges debited by bank)
c	Cash Dr	$9.00
	To Utilities Expense		$9.00
	(To record correction entry for check no 919)
d	No Journal Entry Required