mheducation.com chapt 8 classwork Help Required information The following inform

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mheducation.com chapt 8 classwork Help Required information The following information applies to the questions displayed below 10 k. At the close of business on June 30, 2017, its Cash account shows an $11,743 debit balance. Del Gato Clinic's June 30 bank statement shows $12,364 on deposit in the bank. a. Outstanding checks as of June 30 total $2,894 b. The June 30 bank statement lists a $35 service charge. c. Check No. 919, listed with the canceled checks, was correctly drawn for $689 in payment of a ubility bill on June 15. Del Gato Clinic mistakenly recorded it with a debit to Ublities Expense and a credit to Cash in the amount of $698 d. The June 30 cash receipts of $2.247 were placed in the bank's night depository after banking hours and were not recorded on the June 30 bank statement. Prepare a bank reconciliation for Del Gato Clinic using the above information Bank Reconciliation statement balance Book balance Adjusted book balance 3 5 6 7 8 0

Explanation / Answer

Del Gato Clinic

Bank Reconciliation

6/30/2017

Bank statement balance $     12,364 Book balance $        11,743 Add: Add: Deposit of June 30 $       2,247 Error in cheque no.919 $                  9 Total $     14,611 $        11,752 Deduct: Deduct: Ourstanding Checks $       2,894 Bank Service Charge $                35 Adjusted bank balance $     11,717 Adjusted book balance $        11,717

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