Question

Required information 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 $16,385 debit balance and its bank statement shows $15.253 on deposit at the close of business on June 30. a. Outstanding checks as of June 30 total $1,835 b. The June 30 bank statement lists a $15 bank service charge. Check No. 919, listed with the canceled checks, was correctly drawn for $889 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 $898 d. The June 30 cash receipts of $2.961 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 Ad usted bank balance 000

Answer 1

$ 16,385 Bank statement balance Add: Service charges NSF Check $ 15 Bank Reconciliation 30-Jun $ 15,253 Book balance Add: Outstanding checks $ 1,835 Wrong check(898 - 889) $ 9 $ 15 $ 15,268 Less : Deposit in transit $(2,961) $ 1,844 $18,229 Less : $ (2,961) $15,268 Adjusted bank balance $ 15,268 Adjusted Book balance Please provide the feedback with UPVOTE