Required information
Use the following information for the Exercises below.
[The following i...
Business, 01.07.2020 15:01 destineyburger2
Required information
Use the following information for the Exercises below.
[The following information applies to the questions displayed below.]
Del Gato Clinic's cash account shows a $13,239 debit balance and its bank statement shows $13,619 on deposit at the close of business on June 30.
a. Outstanding checks as of June 30 total $2,507.
b. The June 30 bank statement lists a $45 bank service charge.
c. Check No. 919, listed with the canceled checks, was correctly drawn for $289 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 $298.
d. The June 30 cash receipts of $2,091 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.
Answers: 2
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