Del Gato Clinic deposits all cash receipts on the day when they are received and
ID: 2484623 • Letter: D
Question
Del Gato Clinic deposits all cash receipts on the day when they are received and it makes all cash payments by check. At the dose of business on June 30, 2015, its Cash account shows a(n) $14,089 debit balance. Del Gato Clinic's June 30 bank statement shows $12,353 on deposit in the bank. a. Outstanding checks as of June 30 total $1,113. b. The June 30 bank statement induded a $15 debit memorandum for bank services. c. Check No 919, listed with the canceled checks, was correcUy drawn for $689 in payment of a utility bill on June 15. Del Gato Clinic mistakenly recorded it with a debit to Utilites Expense and a credit to Cash in the amount of $898. d. The June 30 cash recepts of $2,843 were placed in the bank's night depository after banking hours and wore not recorded on the June 30 bank statement.Explanation / Answer
Del Gato Clinic
Bank Reconcilation
June 30 2015
Bank Statement Balance
12353
Book Balance
14089
Add
Add
Deposit of June 30
2843
Record error on checks
9
2843
9
15196
14098
Deduct
Deduct
Out standing checks
1113
Bank Service Charges
15
1113
15
Adjusted Bank Balance
14083
Adjusted Bank Balance
14083
Del Gato Clinic
Bank Reconcilation
June 30 2015
Bank Statement Balance
12353
Book Balance
14089
Add
Add
Deposit of June 30
2843
Record error on checks
9
2843
9
15196
14098
Deduct
Deduct
Out standing checks
1113
Bank Service Charges
15
1113
15
Adjusted Bank Balance
14083
Adjusted Bank Balance
14083
Related Questions
Hire Me For All Your Tutoring Needs
Integrity-first tutoring: clear explanations, guidance, and feedback.
Drop an Email at
drjack9650@gmail.com
drjack9650@gmail.com
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.