Del Gato Clinic deposits all rash receipts on the day when they are received and

Question

Del Gato Clinic deposits all rash receipts on the day when they are received and it makes all cash payments by check At the close ot business on June 30. 2013. its Cash account shows a $11,589 debit balance Del Gato Clinic's June 30 bank statement shows $10,555 on deposit in the bank Outstanding checks as of Juno 30 total S1 829 The Juno 30 bank statement included a $16 dnbil memorandum tor bank Check No 919. listed with the acided checks was drawn for $467 in payment of utility billion June 15 Del Gato mistakenly recorded it with,i debit to Utilities expense and a credit to Cash in the amount of $476 The June 30 cash receipts of S? 856 were placed in the bank's depository after bunking 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 (If no entry Is required for a particular event, select "No journal entry required" In the first account field.)

Explanation / Answer

No journal entry required

(since outstanding check is adjusted in bank statemet we dont need to pass entry for the same)

No journal entry required

(since outstanding check is adjusted in bank statemet we dont need to pass entry for the same)

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