CH 6 num 4 ACCT 2000 - none PDF

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3/12/2019

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[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 an $16,993 debit balance. Del Gato Clinic’s June 30 bank statement shows $17,155 on deposit in the bank. a. Outstanding checks as of June 30 total $2,813. b. The June 30 bank statement lists a $90 service charge. c. Check No. 919, listed with the canceled checks, was correctly drawn for $189 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 $198. d. The June 30 cash receipts of $2,570 were placed in the bank’s night depository after banking hours and were not recorded on the June 30 bank statement.

4.

Award: 1.66 points

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Prepare a bank reconciliation for Del Gato Clinic using the above information: DEL GATO CLINIC Bank Reconciliation June 30, 2017 $

Bank statement balance

$

17,155 Book balance

Add:

16,993

Add:

Deposit of June 30

$

2,570

Error on Ck. No. 919

9 9

19,725

17,002

Deduct: Outstanding checks

$

2,570 Deduct: 2,813

Bank service charge

90

2,813 Adjusted bank balance

$

90

16,912 Adjusted book balance

$

16,912

Hints Hint #1

References Worksheet

Difficulty: 2 Medium

Learning Objective: 06-P3 Prepare a bank reconciliation.

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