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 a $13,585 debit balance.
Bank Statement Balance Assignment
Del Gato Clinic's June 30 bank statement shows $12,900 on deposit in the bank a. Outstanding checks as of June 30 total $2,163. 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 Gato Clinic miştakenly recorded it with a debit to Utility Expense and a credit to Cash in the amount of $498 d.
The June 30 cash receipts of $2,807 were placed in the bank's night depository after banking hours and were not recorded on the June 30 bank statement. on June 15. Del Prepare a bank reconciliation for Del Gato Clinic using the above information: DEL GATO CLINIC Bank Reconciliation June 30, 2017, Bank statement balance Book balance Add Add Deduct Deduct Adjusted book balance Adjusted bank balance.