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 $11,589 debit balance. del gato clinic's june 30 bank statement shows $10,555 on deposit in the bank. outstanding checks as of june 30 total $1,829.the june 30 bank statement lists a $16 service charge. check no. 919, listed with the canceled checks, was correctly drawn for $467 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 $476.the june 30 cash receipts of $2,856 were placed in the bank's night depository after banking hours and were not recorded on the june 30 bank statement. prepare the adjusting journal entries that del gato clinic must record as a result of preparing the bank reconciliation.

6. why the aggregate supply curve slopes upward in the short run in the short run, the quantity of output that firms supply can deviate from the natural level of output if the actual price level in the economy deviates from the expected price level. several theories explain how this might happen. for example, the misperceptions theory asserts that changes in the price level can temporarily mislead firms about what is happening to their output prices. consider a soybean farmer who expects a price level of 100 in the coming year. if the actual price level turns out to be 90, soybean prices will , and if the farmer mistakenly assumes that the price of soybeans declined relative to other prices of goods and services, she will respond by the quantity of soybeans supplied. if other producers in this economy mistake changes in the price level for changes in their relative prices, the unexpected decrease in the price level causes the quantity of output supplied to the natural level of output in the short run.