Del Gato Clinic's cash account shows a $13,727 debit balance and its bank statement shows...
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Accounting
Del Gato Clinic's cash account shows a $13,727 debit balance and its bank statement shows $14,063 on deposit at the close of business on June 30. a. Outstanding checks as of June 30 total $2,577. b. The June 30 bank statement lists a $10 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 $2,240 were placed in the bank's night depository after banking hours and were not recorded on the June 30 bank statement. Prepare its bank reconciliation using the above information. DEL GATO CLINIC Bank Reconciliation June 30 Bank statement balance Book balance Add: Add 0 0 0 10 Deduct: Deduct DEL GATO CLINIC Bank Reconciliation June 30 Bank statement balance Book balance Add: Add: Deduct: Deduct: 0 Adjusted bank balance $ 0 Adjusted book balance $ 0
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