Answer:Please refer to the explanations section
Explanation:
Bank Reconciliation is a process where we reconcile Business's cash books Balances and Bank account Balance.
Journal Entries
a. Dr Outstanding Checks $1829
Cr Bank (Bank Account Balance) $1829
Del Gato Clinic issued checks amounting to $1829 and The Bank has not processed these checks. This means Del Gato's Bank balance doesnot include the effect of these checks. The Bank account balance must be reduced by $1829
b. Dr Bank Charges expense $16
Cr Bank (cashbook balance) $16
Del Gato Clinic incurred an expense of $16 in Bank charges. Cashbook balance must reduced by $16.
c. Dr Bank (Bank account balance) $476
Cr utility Bill Payment check $476
Dr Bank (Cashbook balance) $476
Cr utility Bill Payment check $476
check number 919 was cancelled but Del Gato Clinic mistakenly recorded it in the cashbooks and the bank processed the check. We need to adjust both Cash books and Bank account by processing a reversal journal entry debit Bank and credit Utility Bill payment
d. Dr Bank (Bank account balance) $2856
Cr Cash receipts $2856
Del Gato Clinic placed cash receipts after banking hours, The Bank account balance must be increase by $2856 to reflect the effect of the receipts received
