Required information Use the following information for the Exercises below. (The following information applies to the…
The following solution is suggested to handle the subject “Required information Use the following information for the Exercises below. (The following information applies to the…“. Let’s keep an eye on the content below!
Question “Required information Use the following information for the Exercises below. (The following information applies to the…”
Required information Use the following information for the Exercises below. (The following information applies to the questions displayed below.) Del Gato Clinic’s cash account shows a $15,734 debit balance and its bank statement shows $14,647 on deposit at the close of business on June 30. a. Outstanding checks as of June 30 total $1,178. b. The June 30 bank statement lists a $65 bank 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 $2,209 were placed in the bank’s night depository after banking hours and were not recorded on the June 30 bank statement. Exercise 6-13 Adjusting entries from bank reconciliation LO P3 Prepare the adjusting journal entries that Del Gato Clinic must record as a result of preparing the bank reconciliation. (If no entry is required for a transaction/event, select “No journal entry required” in the first account field.)
Journal entry worksheet 1 2 3 4 Record the adjusting entry related to outstanding checks, if necessary. Note: Enter debits before credits. Transaction General Journal Debit Credit a. Record entry Record entry Clear entry View general journal
Journal entry worksheet < 1 2 3 4 Record the adjusting entry related to bank service charges, if necessary. Note: Enter debits before credits. Transaction General Journal Debit Credit b. Record entry Clear entry View general journal
Journal entry worksheet < 1 2 3 Record the adjusting entry related to Check No. 919, if necessary. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal
Journal entry worksheet < 1 2 3 Record the adjusting entry related to the June 30 deposit, if necessary. Note: Enter debits before credits. Transaction General Journal Debit Credit d. Record entry Clear entry View general journal
Answer
ADor. || Bank Reconciliation Stalement There are the occurrence of events of which a customer of bank is unknown hom such bank transactions for Eng _|| Change__in_d_date_of_ clearance of cheques, unknown__charges. of__banks, deposits of cheques in account –Insecha_SIH.qbon a celstomer prepares the bank Reconciliation Statement to match the balance of bq9k 990 cash book. Bank Service changes. Changes in Bank Service. These in cash book Bank will need to record.
Conclusion
Above is the solution for “Required information Use the following information for the Exercises below. (The following information applies to the…“. We hope that you find a good answer and gain the knowledge about this topic of business.