Required information Use the following information for the Exercises below [The

Question

Required information Use the following information for the Exercises below [The following information applies to the questions displayed below] Del Gato Clinic deposits all cash receipts on the day when they are received and it makes all cash payments by check At the close of business on June 30, 2017, its Cash account shows an $15,220 debit balance Del Gato Clinic's June 30 bank statement shows $15,862 on deposit in the bank a. Outstanding checks as of June 30 total $2.792 b. The June 30 bank statement lists a $50 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 d. The June 30 cash receipts of $2109 were placed in the bank's night depository after banking hours and were not Gato Clinic mistakenly recorded it with a debit to Utilities Expense and a credit to Cash in the amount of $498. recorded on the June 30 bank statement. Exercise 8-9 Bank reconciliation LO P3 Prepare a bank reconciliation for Del Gato Clinic using the above information Bank Reconciliation June 30, 2017 Book balance Bank statement balance Add Add Deposit of June 30 $ 2,10 2,109 2.109 Deduct Deduct Adjusted bank balance 5 2,109 Adjusted book balance

Explanation / Answer

DEL GATO CLINIC Bank Reconciliation 30-Jun-17 Bank statement balance $15,862 Book balance $15,220 Add: Add: Deposit of June 30 $2,109 Error on Ck. No. 919 $9 2109 9 17971 $15,229 Deduct: Deduct: Outstanding checks 2,792 Bank service charge 50 2792 50 Adjusted bank balance 15179 Adjusted book balance $15,179

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