el Gato Clinic deposits all cash receipts on the day wht ved en and it makes all cash payments by check

Del Gato Clinic deposits all cash receipts on the day wht ved en and it makes all cash payments by check. At the close of business on June 30, 2016, its Cash account shows an $11,589 debit balance. Del Gato Clinic's June 30 bank statement shows $10,555 on deposit in the bank. Prepare a bank reconciliation for Del Gato Clinic using the following information: Outstanding checks as of June 30 total $1,829. The June 30 bank statement included a $16 debit memorandum for bank services. Check No. 919, listed with the canceled checks, was correctly drawn for $467 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 $476.


The June 30 cash receipts of $2,856 were placed in the bank's night depository after banking hours and were not recorded on the June 30 bank statement. 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, 2016, its Cash account shows an $11,589 debit balance. Del Gato Clinic's June 30 bank statement shows $10,555 on deposit in the bank. Prepare a bank reconciliation for Del Gato Clinic using the following information:
Outstanding checks as of June 30 total $1,829. The June 30 bank statement included a $16 debit memorandum for bank services. Check No. 919, listed with the canceled checks, was correctly drawn for $467 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 $476. The June 30 cash receipts of $2,856 were placed in the bank's night depository after banking hours and were not recorded on the June 30 bank statement.

Starfruit Inc., headquartered in Ridgway, Colorado, designs, manufactures, and markets mobile

Starfruit Inc., headquartered in Ridgway, Colorado, designs, manufactures, and markets mobile communication and media devices, personal computers, and portable digital music players and sells a variety of related software and services.  The following is Starfruit's (simplified) balance sheet from a recent year (fiscal year ending on the last Saturday of September).

 STARFRUIT INC.

CONSOLIDATED BALANCE SHEET

September 27, 2014

(dollars in millions)

ASSETS                                 

Current assets:                                 

Cash      $              13,994  

Short-term investments                              11,353  

Accounts receivable                      17,644  

Inventories                        2,130    

Other current assets                     24,096  

Total current assets                       69,217  

Long-term investments                               131,466

Property, plant, and equipment, net                     20,831  

Other noncurrent assets                             12,650  

Total assets        $              234,164

LIABILITIES AND STOCKHOLDERS’ EQUITY                                             

Current Liabilities:                                            

Accounts payable            $              30,501  

Accrued expenses                          18,641  

Unearned revenue                        8,581    

Short-term notes payable                           6,372    

Total current liabilities                   64,095  

Long-term debt                               29,284  

Other noncurrent liabilities                         28,139  

Total liabilities                   121,518

Stockholders’ equity:                                     

Common stock ($0.00001 per value)                       1             

Additional paid-in capital                             24,912  

Retained earnings                          87,733  

Total stockholders’ equity                           112,646

Total liabilities and shareholders' equity                $              234,164

Assume that the following transactions (in millions) occurred during the next fiscal year (ending on September 26, 2015):

Borrowed $18,293 from banks due in two years.

Purchased additional investments for $23,600 cash; one-fifth were long term and the rest were short term.

Purchased property, plant, and equipment; paid $9,600 in cash and signed a short-term note for $1,438.

Issued additional shares of common stock for $1,498 in cash; total par value was $1 and the rest was in excess of par value.

Sold short-term investments costing $19,035 for $19,035 cash.

Declared $11,154 in dividends to be paid at the beginning of the next fiscal year.

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