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 $16,268 debit balance. Del
Gato Clinic’s June 30 bank statement shows $15,749 on deposit in the bank.
Outstanding checks as of June 30 total $2,482.
The June 30 bank
statement included a $15 debit memorandum for bank services.
Check No. 919,
listed with the canceled checks, was correctly drawn for $789 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 $798.
The June 30 cash
receipts of $2,995 were placed in the bank’s night depository after banking
hours and were not recorded on the June 30 bank statement.
Prepare a bank reconciliation for Del Gato Clinic using the above information:
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