1 answer

Del Gato Clinic's cash account shows a $14,675 debit balance and its bank statement shows $15,065...

Question:

Del Gato Clinic's cash account shows a $14,675 debit balance and its bank statement shows $15,065 on deposit at the close of business on June 30.

  1. Outstanding checks as of June 30 total $2,986.
  2. The June 30 bank statement lists a $80 bank service charge.
  3. Check No. 919, listed with the canceled checks, was correctly drawn for $389 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 $398.
  4. The June 30 cash receipts of $2,525 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. DEL GATO CLINIC Bank Reconciliation June 30 Book balance Add: Ba
Prepare its bank reconciliation using the above information. DEL GATO CLINIC Bank Reconciliation June 30 Book balance Add: Bank statement balance Add: Deduct Deduct: Adjusted bank balance Adjusted book balance

Answers

DEL GATO CLINIC
Bank Reconciliation
June 30
Bank Statement Balance 15065 Book Balance 14675
Add: Bank Charges Not recorded in bookes 80 Add: Outstanding Checks 2986
Add: Check booked in cash 398
Add: Late Night Deposit 2525 Deduct: Bank service Charges (80)
Deduct: Check No. 919 mistakenly booked in cash (389)
Deduct: Outstanding Checks 2986 Deduct: Late deposit of Cash (2525)
Adjusted Bank Balance 15082 Adjusted Book Balance 14667
.

Similar Solved Questions

1 answer
Exercise 2-12 Computing Predetermined Overhead Rates and Job Costs [LO2-1, LO2-2, LO2-3] Moody Corporation uses a...
Exercise 2-12 Computing Predetermined Overhead Rates and Job Costs [LO2-1, LO2-2, LO2-3] Moody Corporation uses a job-order costing system with a plantwide predetermined overhead rate based on machine-hours. At the beginning of the year, the company made the following estimates Machine-hours require...
1 answer
II Review | Constants Periodic Table Consider the titration of a 21.0 – mL sample of...
II Review | Constants Periodic Table Consider the titration of a 21.0 – mL sample of 0.105 M HC2H3 O2 with 0.125 M NaOH. Determine each of the following. Part A the initial pH Express your answer using two decimal places. IV A¢ A O O ? pH = Submit Request Answer Part B the volume of added...
1 answer
The Pet Store experienced the following events for the Year 1 accounting period: 1. Acquired $60,000...
The Pet Store experienced the following events for the Year 1 accounting period: 1. Acquired $60,000 cash from the issue of common stock. 2. Purchased $65,000 of inventory on account. 3. Received goods purchased in Event 2 FOB shipping point; freight cost of $900 paid in cash. 4. Sold inventory on a...
1 answer
4. Show how C2HsMgBr, the Grignard Reagent prepared from ethyl bromide, can be used as a...
4. Show how C2HsMgBr, the Grignard Reagent prepared from ethyl bromide, can be used as a starting material in the preparation of each of the following compounds он (a) Ph-CH CH2-CH3 (b) CH3CH2 CH2 CH2OH (c) CH3CH2 C- (d) Ph-C CH-CH2 Ph 17...
1 answer
The income statement for Huerra Company for last year is provided below: Sales Less: Variable expenses...
The income statement for Huerra Company for last year is provided below: Sales Less: Variable expenses Total $38,000,000 22,800,000 Unit $380.00 228.00 Contribution margin Less: Fixed expense 15,200,000 7,600,000 152.00 76.00 Net operating income Less: Income taxes @ 30% 7,600,000 2,280,000 76.00 22...
1 answer
Suppose Cole buys food (X) and clothing (Y) with his income of $500 per month. The prices that Co...
Suppose Cole buys food (X) and clothing (Y) with his income of $500 per month. The prices that Cole faces in month one are $2 per unit of food and $4 per unit of clothing. His utility-maximizing choice is 100 food units and 75 clothing units. His preferences are convex. Now assume that in month two...
1 answer
5. [0/7.14 Points] DETAILS PREVIQUS ANSWERS SCALC8 15.2.015. M Set up iterated integrals for both orders...
5. [0/7.14 Points] DETAILS PREVIQUS ANSWERS SCALC8 15.2.015. M Set up iterated integrals for both orders of integration. Then evaluate the double integral using the easier order. y dA, D is bounded by y = x - 20; x = y2 lloyda, (159,999) 4 X Need Help? Read Whe 9. [0/7.14 Points] DETAILS PREVIOUS AN...
1 answer
Question number 8 The following reaction is carried out at 25o C:     2NO(g) + O2 (g)...
Question number 8 The following reaction is carried out at 25o C:     2NO(g) + O2 (g) → 2NO2 (g) These are the thermodynamic values associated with this reaction: ΔSoreaction = -147 J K-1 ΔHoreaction = -114 kJ ΔGoreaction = -70 kJ What is the effect of chan...
1 answer
MA441-1.3-Limit-Laws: Problem 1 Previous Problem Problem List Next Problem (1 point) Using: lim f(x) = -3...
MA441-1.3-Limit-Laws: Problem 1 Previous Problem Problem List Next Problem (1 point) Using: lim f(x) = -3 and lim g(x) = 5, evaluate the limits, lim f(x)g(x) = lim f(x) x +4 (x) Note: You can earn partial credit on this problem. Preview My Answers Submit Answers You have attempted this problem 0 tim...
1 answer
If 10.0 g of a substance A decomposes for 100 min, the mass of A remaining...
If 10.0 g of a substance A decomposes for 100 min, the mass of A remaining unreacted is found to be 1.25g. What is the half life of this reaction if it follows first order kinectics? The rate law for a reaction tha is first order in the disappearance of a single reaction, X. Intergrated form of fi...
1 answer
3. (10 points) Let X, Y, Z be any nonempty sets, g :X + Y and...
3. (10 points) Let X, Y, Z be any nonempty sets, g :X + Y and f: Y Z be functions. Prove or give a counter example to the following statement "If g is onto, then fog is onto."...
1 answer
Problem 12-10 A small business sold an equipment for $100,000 after depreciating the equipment using SOYD...
Problem 12-10 A small business sold an equipment for $100,000 after depreciating the equipment using SOYD depreciation method. The federal tax liability on this depreciation recapture is $34,000 if the company also had other taxable income of $150,000 in that year. True/False...
1 answer
Describe internal control weaknesses in the Wells Fargo fake accounts scandal?
Describe internal control weaknesses in the Wells Fargo fake accounts scandal?...
1 answer
A cord CD connects blocks A and B. Both blocks are symmetric with respect to the...
A cord CD connects blocks A and B. Both blocks are symmetric with respect to the plane of motion, and cord CD and force P are in the plane of motion. Block A weighs 6.00 lb and Block B weighs 5.00 lb. Calculate the maximum allowable force P if both blocks are to translate and not rotate. 12" 16...
1 answer
How do you find the degree measure of arcsin (-0.3295) to two decimal places using a calculator?
How do you find the degree measure of arcsin (-0.3295) to two decimal places using a calculator?...
1 answer
The Case Study Of Ashe V. Radiation Oncology Associates (Legal Aspect health P..378-379) The Commentary That...
The Case Study Of Ashe V. Radiation Oncology Associates (Legal Aspect health P..378-379) The Commentary That Followed Regarding Decision-Making Capacity As Well As Informed Consent. What Kinds Of Measures Would You Implement In A Clinical And/Or Hospital Setting To Confidently Establish That The Pat...
1 answer
1. You are interested in examining the relationship between BMI (continuous on (continuous variab...
1. You are interested in examining the relationship between BMI (continuous on (continuous variable), and gender (variable"woman" coded as O man and 1 - variable), years of woman) among a sample of 300 25-35 year olds. You first want to estimate a regression model that includes the independe...
1 answer
(9 pts) 3. Solve the linear programming problem graphically. Minimize c = 2x - 5y, subject...
(9 pts) 3. Solve the linear programming problem graphically. Minimize c = 2x - 5y, subject to (x + y 510 3x - y 26. x20,20 (3x + y 55 (9 pts) 4. Use the simplex method to maximize p= 2x+y, subject to <x+2y52. x 20, y20...
1 answer
5. (Chapter 9.4, 9.5, 20 pt.) Y1, ..., Y. is a normally distributed random sample with...
5. (Chapter 9.4, 9.5, 20 pt.) Y1, ..., Y. is a normally distributed random sample with mean y and variance o. (a) If u is known and o’ is unknown, show that (Y, - x)' is sufficient for o”. (b) Find an MVUE for o? using (a)....