Saved Help Save Exis 0 Che Required information Use the fol

Saved Help Save & Exis 0 Che Required information Use the following information for the Exercises below. 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 $11.368 debit balance. Del Gato Clinic\'s June 30 bank statement shows $12.087 on deposit in the bank. a. Outstanding checks as of June 30 total $2.935. b. The June 30 bank statement lists a $80 service charge. c. Check No. 919, listed with the canceled checks, was correctly drawn for $589 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 $598 d. The June 30 cash receipts of $2.145 were placed in the bank\'s night depository after banking hours and were not recorded on the June 30 bank statement. Exercise 6-9 Bank reconciliation LO P3 Prepare a bank reconciliation for Del Gato Clinic using the above information: DEL GATO CLINIC Bank Reconciliation June 30, 2017 Book balance Bank statement balance Prev 1 of 1 Next

Solution

Del Gato Clinic Bank Reconciliation June 30, 2017 Bank Statement Balance $ 12,087 Book Balance $ 11,368 Add: Add: Deposits in Transit 2,145 Error in recording check 9 2,145 11,377 $ 14,232 Deduct: Deduct: Outstanding Checks 2,935 Bank Service Charge 80 2,935 80 Adjusted bank balance $ 11,297 Adjusted book balance $ 11,297