Question

Del Gato Clinic's cash account shows a $14,455 debit balance and its bank statement shows $13,553 on deposit at the close of business on June 30. a. Outstanding checks as of June 30 total $1,468. 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 $389 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 $398. d. The June 30 cash receipts of $2,334 were placed in the bank's night depository after banking hours and were not recorded on the June 30 bank statement. 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 Adjusted book balance

Answer 1

Del Gato Clinic
Bank Reconciliation
June. 30 2017
Bank Statement Balance		13,553	Book Balance		14,455
Add:			Add:
Deposit in Transit of June 30	2,334		Error in recording utility exp	9
Deduct:			Deduct:
Outstanding Checks	1,468		Bank service Charge	45
Adjusted Bank Balance		14,419	Adjusted Book Balance		14,419