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Prepare bank reconciliation using information for del gato

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Reference no: EM132788535

Del Gato Clinic's cash account shows an $16,246 debit balance and its bank statement shows $15,526 on deposit at the close of business on June 30.

  1. Outstanding checks as of June 30 total $1,737.
  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. $2,386 were placed in the bank's night depository after banking hours and were not recorded on the June 30 bank statement.

Problem 1: Prepare its bank reconciliation using the above information.

Reference no: EM132788535

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