Required information Use the following information for the Exercises below. The

Question

Required information Use the following information for the Exercises below. The following information applies to the questions displayed below.] Del Gato Clinic deposits all cash receipts on the day when they are recelved and it makes all cash payments by check. At the close of business on June 30, 2017, its Cash account shows an $15,220 debit balance. Del Gato Clinic's June 30 bank statement shows $15.862 on deposit in the bank a. Outstanding checks as of June 30 total $2,792 b. The June 30 bank statement lists a $50 service charge c. Check No. 919, listed with the canceled checks, was correctly drawn for $489 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 $498 d. The June 30 cash receipts of $2.109 were placed in the bank's night depository after banking hours and were not recorded on the June 30 bank statement Exercise 8-9 Bank reconciliation LO P3 Prepare a bank reconciliation for Del Gato Clinic using the above information TO C Bank June 30, 2017 Bank statement balance Book balance Add Add Deduct Deduct djusted bank balance 0 Adjusted book balance

Explanation / Answer

Bank reconciliation Ending balance as per bank statement 15862 Add Deposit in transit 2109 2109 Less Outstanding checks 2792 2792 Adjusted bank balance 15179 Ending balance as per cash account 15220 Add Error (498-489) 9 9 Less Service charges 50 50 Adjusted cash balance 15179

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