Del Gato Clinic's cash account shows a $11,999 debit balance and its bank statement shows $11,044 on deposit at the close of business on June 30. A. Outstanding checks as of June 30 total $1,194. 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 $289 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 $298. D. The June 30 cash receipts of $2,143 were placed in the bank's night depository after banking hours and were not recorded on the June 30 bank statement. Prepare its bank reconciliation using the above information.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Del Gato Clinic's cash account shows a $11,999 debit balance and its bank statement shows $11,044 on deposit at the close of business on ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
On the supply side of the market, when the price of a good increases the quantity supplied of the good
Answers (1)
Brief Exercise 4-09 At Raymond Company, the following errors were discovered after the transactions had been journalized and posted. 1.
Answers (1)
suggests that the accumulation of knowledge capital can be slowed because knowledge is both nonrival and nonexcludable. How does the federal government intervene in the market to increase the amount of knowledge capital?
Answers (1)
Demographics is the most difficult factor of differentiated marketing to determine. True False
Answers (1)
Cost-based pricing entails establishing prices based on the costs of successfully making and marketing a product and earning an acceptable margin or profit. True or False?
Answers (1)
New Questions in Business
With the federal funds rate near zero and the economy still struggling, the Fed began buying 10-year Treasury notes and certain mortgage-backed securities to keep interest rates low. This policy is known as
Answers (1)
Sugar, Inc. sells $529,300 of goods during the year that have a cost of $428,600. Inventory was $30,083 at the beginning of the year and $34,338 at the end of the year.
Answers (2)
Assume that Jack and Hal and Sophia enter into a contract for the sale of the restaurant. Hal and Sophia, for their own protection, put a clause in the contract that says the sale is contingent upon an independent appraisal indicating that the
Answers (2)
One of Simplex Company's products has a contribution margin of $44,000 and fixed costs totaling $54,000. If the product is dropped, $37,000 of the fixed costs will continue unchanged.
Answers (1)
When technology spillover occurs, a. those firms engaged in technology research should be taxed by the government. b. a firm's research yields technological knowledge that can then be used by society as a whole. c.
Answers (1)