Del Gato Clinic's cash account shows a $11,999 debit balance and its bank statement shows $11,044 on deposit at the close of business on June 30. A. Outstanding checks as of June 30 total $1,194. B. The June 30 bank statement lists a $15 bank service charge. C. Check No. 919, listed with the canceled checks, was correctly drawn for $289 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 $298. D. The June 30 cash receipts of $2,143 were placed in the bank's night depository after banking hours and were not recorded on the June 30 bank statement. Prepare its bank reconciliation using the above information.

Question

Business

Cherish Phelps

18 April, 03:53

Del Gato Clinic's cash account shows a $11,999 debit balance and its bank statement shows $11,044 on deposit at the close of business on June 30. A. Outstanding checks as of June 30 total $1,194. B. The June 30 bank statement lists a $15 bank service charge. C. Check No. 919, listed with the canceled checks, was correctly drawn for $289 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 $298. D. The June 30 cash receipts of $2,143 were placed in the bank's night depository after banking hours and were not recorded on the June 30 bank statement. Prepare its bank reconciliation using the above information.

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Answers (1)

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Alma Bernard · Answer 1

Answer: Bank Reconciliation

Explanation:

Balance per Cash Book: $11,999

Add: unpresented chq $1,194

Add: chq. 919 wrongly posted amount $9

Less: Bank Charge $15

Less: Uncredited lodgement $2,143

Adjusted Cash book balance $11,044

Balance per bank balance $11,044