mheducationcom chapt 8 classwork Help Required information T

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

Solution

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