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
11th Edition
ISBN:9781337680059
Author:Gilbertson
Publisher:Gilbertson
Chapter5: Cash Control Systems
Section: Chapter Questions
Problem 1CP
Related questions
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 $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 >](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe7c1a76e-988f-4fbf-aefc-19415eb0fbe7%2Fd1f484a8-4180-4d45-a418-49b31c770436%2Fz9wwcwq_processed.jpeg&w=3840&q=75)
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.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe7c1a76e-988f-4fbf-aefc-19415eb0fbe7%2Fd1f484a8-4180-4d45-a418-49b31c770436%2F49c4ab_processed.jpeg&w=3840&q=75)
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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