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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 $15,937 debit balance and its bank statement shows $15,527 on deposit at the close of business on June 30. a. Outstanding checks as of June 30 total $2,119. b. The June 30 bank statement lists a $25 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 $2,513 were placed in the bank's night depository after banking hours and were not recorded on the June 30 bank statement.

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 $15,937 debit balance and its bank statement shows $15,527 on deposit at the close of business on June 30. a. Outstanding checks as of June 30 total $2,119. b. The June 30 bank statement lists a $25 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 $2,513 were placed in the bank's night depository after banking hours and were not recorded on the June 30 bank statement.

Century 21 Accounting General Journal
Century 21 Accounting General Journal
11th Edition
ISBN:9781337680059
Author:Gilbertson
Publisher:Gilbertson
Chapter5: Cash Control Systems
Section: Chapter Questions
Problem 1CP
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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 $15,937 debit balance and its bank statement shows $15,527 on deposit at the close of business on June 30. a. Outstanding checks as of June 30 total $2,119. b. The June 30 bank statement lists a $25 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 $2,513 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. X Answer is not complete. DEL GATO CLINIC Bank Reconciliation June 30 15,937 24 15,527 O Book balance Bank statement balance Add: Add: ... < Prev 3 of 5 Next >
Transcribed Image Text: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 $15,937 debit balance and its bank statement shows $15,527 on deposit at the close of business on June 30. a. Outstanding checks as of June 30 total $2,119. b. The June 30 bank statement lists a $25 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 $2,513 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. X Answer is not complete. DEL GATO CLINIC Bank Reconciliation June 30 15,937 24 15,527 O Book balance Bank statement balance Add: Add: ... < Prev 3 of 5 Next >
c. Check No. 919, listed with the canceled checks, was correctly drawn for $389 in payment of a utillty 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 $2,513 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. X Answer is not complete. DEL GATO CLINIC Bank Reconciliation June 30 Bank statement balance $ 5,527 Book balance 2$ 15,937 Add: Add: Bank service charge 25 X Outstanding checks X$ 2,119 Book balance 2,513 2,538 9 2128 18,065 18,065 Deduct: Deduct: 2,119 O Bank service charge 25 O Outstanding checks 9 X 2,128 Book balance 2,513 X 2,538 Adjusted book balance $ 15,527 Adjusted bank balance 15,937 < Prev of 5 Next > 3.
Transcribed Image Text:c. Check No. 919, listed with the canceled checks, was correctly drawn for $389 in payment of a utillty 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 $2,513 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. X Answer is not complete. DEL GATO CLINIC Bank Reconciliation June 30 Bank statement balance $ 5,527 Book balance 2$ 15,937 Add: Add: Bank service charge 25 X Outstanding checks X$ 2,119 Book balance 2,513 2,538 9 2128 18,065 18,065 Deduct: Deduct: 2,119 O Bank service charge 25 O Outstanding checks 9 X 2,128 Book balance 2,513 X 2,538 Adjusted book balance $ 15,527 Adjusted bank balance 15,937 < Prev of 5 Next > 3.
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