Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. del gato clinic's cash account shows a $14,675 deb

Del Gato Clinic's cash account shows a $14,675 debit balance and its bank statement shows...

90.2K

Verified Solution

Question

Accounting

Del Gato Clinic's cash account shows a $14,675 debit balance and its bank statement shows $15,065 on deposit at the close of business on June 30.

  1. Outstanding checks as of June 30 total $2,986.
  2. The June 30 bank statement lists a $80 bank service charge.
  3. 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.
  4. The June 30 cash receipts of $2,525 were placed in the banks night depository after banking hours and were not recorded on the June 30 bank statement.image

Prepare its bank reconciliation using the above information. DEL GATO CLINIC Bank Reconciliation June 30 Book balance Add: Bank statement balance Add: Deduct Deduct: Adjusted bank balance Adjusted book balance

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Explain Oil and gas reservoir?

Basic Math
Q

I took an online sorting set. I categorized good and bad words with images of Fat...

Psychology
Q

1. Why are the thermal detectors slower and less sensitive than the photon detectors? 2. What are...

Physics
Q

A cube has a surface area of 96 square yards If the length of each...

Geometry
Q

Complete the square to determine whether the equation represents an ellipse, parabola, or hyperbola, showing...

Basic Math
Q

Graph the function. g(x)=-3x Plot five points on the graph of the function: one point...

Basic Math
Q

Thorny cover None 1 3 1 3 to 2 3 B 2 3 Yes 60...

Statistics
Q

-> A Moving to another question will save this response. Question 33 ABC...

Accounting
Q

"Should companies in Malaysia, adopt a revaluation model to measure its property, plant and equipment?...

Accounting
Q

If Sheffield Ltd has a margin of safety of $101000, which of the following statement...

Accounting
Q

describe the government effort to reduce audit failures

Accounting
Q

At the beginning of the year, a company estimates total overhead costs of $1,258,320. The...

Accounting