Question

Use the following information for the Exercises below. [The following information applies to the questions displayed below.] Del Gato Clinic's cash account shows a $13,828 debit balance and its bank statement shows $13,500 on deposit at the close of business on June 30. a. Outstanding checks as of June 30 total $2,202. b. The June 30 bank statement lists a $75 bank service charge. c. Check No. 919, listed with the canceled checks, was correctly drawn for $789 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 $798. d. The June 30 cash receipts of $2,464 were placed in the bank's night depository after banking hours and were not recorded on the June 30 bank statement. Exercise 6-12 Bank reconciliation LO P3 Prepare its bank reconciliation using the above information. DEL GATO CLINIC Bank Reconciliation June 30 Book balance Add: Bank statement balance Add: Deduct: Deduct: Adjusted bank balance 0 Adjusted book balance 0

Answer 1

DEL GATO CLINIC

Bank reconciliation

June 30

Bank Statement balance		13500	Book balance		13828
Add:			Add:
Deposit in transit	2464		Error in Check	9
		2464			9
Less:			Less:
Outstanding checks	-2202		Bank Charges	-75
		-2202			-75
Adjusted bank balance		13762	Adjusted book balance		13762