3 0 Required information [The following information applies to the questions dis

Question

3 0 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 Part 2 of 2 close of business on June 30, 2017, its Cash account shows an $11,589 debit balance. Del Gato Clinic's June 30 bank statement shows $10,555 on deposit in the bank points o. Outstanding checks as of June 30 total $1,829. . Check No 919, isted wth the canceled checks, was correcty drawn for $467 in payment of a utilty bill on June 15, Del d. The June 30 cash receipts of $2,856 were placed in the bank's night depository after banking hours and were not reco June 30 bank statement lists a $16 service charge. Gato Clinic mistakenly recorded it with a debit to Utilities Expense and a credit to Cash in the amount of $476 rded on the June 30 bank statement. eBook Print neernesPrepare the adjusting journal entries s that Del Gato Clinic must record as a result of preparing the bank reconcilation. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

Explanation / Answer

16

Transaction General Journal Debit (Amount in $) Credit (Amount in $) a No Journal Entry required 0 0 (Since the entry for outstanding Checks is already passed in the bank book.,no further entry is required.But It shall form part of reconciliation item)

Related Questions

Navigate

• Browse (All)
• Browse 3
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.