Question

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.

Answer 1

Answer: Bank Reconciliation

Step-by-step 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