Required information The following information applies to the questions displaye

Question

Required information The following information applies to the questions displayed below.] 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 $14.740 debit balance. Del Gato Clinic's June 30 bank statement shows $14,459 on deposit in the bank a. Outstanding checks as of June 30 total $1,939 b. The June 30 bank statement lists a $20 service charge. c. Check No. 919, listed with the canceled checks. was correctly drawn for $689 in payment of a utility bil on June 15. Del Gato Clinic mistakenly recorded it with a debit to Utilities Expense and a credit to Cash in the amount of $698. recorded on the June 30 bank statement. d. The June 30 cash receipts of $2.209 were placed in the bank's night depository after banking hours and were not 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 transaction/event, select "No journal entry required in the first account field.) View transaction list Journal entry worksheet Record the adjusting entry related to outstanding checks, if necessary.

Explanation / Answer

Date General Journal Debit Credit a. No journal entry required b. Miscellaneous expenses 20 Cash 20 c. Cash 9 Utilities expense 9 d. No journal entry required

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