Prepare adjusting journal entries that gato clinic record

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Question - Del Gato Clinic's cash account shows a $11,695 debit balance and its bank statement shows $11,126 on deposit at the close of business on June 30.

a. Outstanding checks as of June 30 total $1,504.

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 $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.

d. The June 30 cash receipts of $2,067 were placed in the bank's night depository after banking hours and were not recorded on the June 30 bank statement.

Required - Prepare the adjusting journal entries that Del Gato Clinic must record as a result of preparing the bank reconciliation.

Reference no: EM133187348

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