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

Question

Del Gato Clinic deposits all cash receipts on the day when they are received and it mokes all cash peyments by check At the close of business on June 30, 2017, ts Cash account shows an $1,589 debnt balance. Del Gato Clinie's hne 30 bank statement shows $10,555 on deposit in the bank. a. Outstanding checks as of June 30 total $1,829 b. The June 30 bank statement lists a $16 service charge e. Check No. 919, listed with the canceled checks, was correctly drawn for $467 in payment of a utility bill on June 15. Del Gato Clinic mistakenly recorded it with a debit to Utities Expense and a credit to Cash in the amount of $476. ofter banking hours and were not recorded on the June 30 bank stotement Exercise 8-10 Adjusting entries from bank reconciliation LO P3 Prepare the adjusting journal entries that Del Gato Cinie must record s a resut of preparing the bank reconciiation Of no enry s required for a transaction/event, select "No journal entry required in the first account field.) View transaction list Journal entry worksheet of16 Next >

Explanation / Answer

Journal Entries Accounting titles & Explanations Debit Credit Bank service charge/Misc expense 16 cash 16 Cash 9 Utilities expense (476-467) 9

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