Final answer:
The adjusting journal entries that Del Gato Clinic must record as a result of preparing the bank reconciliation include interest income, bank service charges, and uncleared checks.
Step-by-step explanation:
When preparing a bank reconciliation, there are often adjustments that need to be made to the company's records. These adjustments are recorded through adjusting journal entries. In the case of Del Gato Clinic, some possible adjusting journal entries that may need to be recorded after preparing the bank reconciliation include:
- Interest income: If the bank statement includes interest earned on the company's account that has not been recorded in the company's records, an adjusting entry should be made to recognize this income.
- Bank service charges: If the bank statement shows any service charges that have not been recorded in the company's records, an adjusting entry should be made to account for these charges.
- Uncleared checks: If there are any checks that were issued by the company but have not yet cleared the bank, an adjusting entry should be made to deduct the amount of these checks from the company's records.