Hi, please fill out the bank reconciliation and the journal entries. I'm attaching the information...
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Hi, please fill out the bank reconciliation and the journal entries. I'm attaching the information needed and a screenshot of the bank reconciliation template. Thank you!
Del Gato Clinic's cash account shows an $14,479 debit balance and its bank statement shows $14,794 on deposit at the close of business on June 30.
Outstanding checks as of June 30 total $2,693.
The June 30 bank statement lists a $70 bank service charge.
Check No. 919, listed with the canceled checks, was correctly drawn for $889 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 $898.
The June 30 cash receipts of $2,317 were placed in the banks night depository after banking hours and were not recorded on the June 30 bank statement.
Journal entries:
a. record the adjusting entry related to outstanding checks, if necessary.
b. record the adjusting entry related to bank service charges, if necessary.
c. record the adjusting entry related to Check Number 919, if necessary.
d. Record the adjusting entry related to the June 30 deposit, if necessary.
Bank reconciliation template:
Prepare its bank reconciliation using the above information
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