2 The following information applies to the questions displayed below Del Gato Cl

Question

2 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 $11,589 debit balance. Del Gato Clinic's June 30 bank statement shows $10,555 on deposit in the bank. Part 1 of 2 a. Outstanding checks as of June 30 total $1,829. b. The June 30 bank statement lists a $16 service charge. c. Check No. 919, listed with the canceled checks, was correctly drawn for $467 in payment of a utility bill on June 15. Del points Gato Clinic mistakenly recorded it with a debit to Utilities Expense and a credit to Cash in the amount of $476 The June 30 cash receipts of $2,856 were placed in the bank's night depository after banking hours and were not reco rded on the June 30 bank statement. d. Prepare a bank reconciliation for Del Gato Clinic using the above information Hint DEL GATO CLINIC Bank Reconciliation June 30, 2017 Print Bank statement balance Book balance Add Add Deduct Deduct Adjusted bank balance Adjusted book balance

Explanation / Answer

Bank Reconcilation

June 30 ,2017

Bank Reconcilation

June 30 ,2017

Bank statemen Balance 10555 Book Balance 11589 Add: Add: Deposit In transit 2856 Error in recording check no.919 [476-467] 9 Less: Less: outstanding checks (1829) Service charge (16) Adjusted balance 11582 11582

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