Question

Required information [The following information applies to the questions displayed below.) Del Gato Clinic's cash account shows a $14.874 debit balance and its bank statement shows $14,898 on deposit at the close of business on June 30. a. Outstanding checks as of June 30 total $2,271, 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 $489 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 $498. d. The June 30 cash receipts of $2,211 were placed in the bank's night depository after banking hours and were not recorded on the June 30 bank statement.

Answer 1

Bank statement balance		14,898	Book balance		14,874
ADD			ADD
Deposit of June 30	2,211		Error on check (489-498)	9
		2,211			9
		17,109			14,883
DEDUCT			DEDUCT
Outstanding checks	2,271		Bank service charges	45
		2,271			45
Adjusted bank balance		14,838	Adjusted book balance		14,838