2023MSP-MBUSAD-201-8692 x M Question 6 - C6 Homework - Co Saved Help Save & Exit Submit Check my work Required information [The following information applies to the questions displayed below.] Chavez Company most recently reconciled its bank statement and book balances of cash on August 31 and it reported two checks outstanding, Number 5888 for $1,046 and Number 5893 for $484. Check Number 5893 was still outstanding as of September 30. The following information is available for its September 30 reconciliation. Date Description Withdrawals Deposits Balance September 1 $ 19, 000 September 3 Check #5888 $ 1, 046 $ 17, 954 September 4 Check #5902 $ 702 $ 17, 252 September 5 Cash deposit $ 1, 171 $ 18, 423 September 7 Check #5901 $ 1, 821 $ 16, 602 September 12 Cash deposit $ 2, 294 $ 18, 896 September 17 NSF check $ 652 $ 18, 244 September 20 Check #5905 $ 997 $ 17, 247 September 21 Cash deposit $ 4,373 $ 21, 620 September 22 Check #5903 $ 438 $ 21, 182 September 22 Check #5904 $ 2, 106 $ 19, 076 September 25 Cash deposit $ 2,345 $ 21, 421 September 28 Check #5907 $ 274 $ 21, 147 September 29 Check #5909 $ 1, 868 $ 19, 279 September 30 Collected note $ 1, 680 $ 20, 959 September 30 Interest earned $ 18 $ 20, 977 From Chavez Company's Accounting Records Cash Receipts Deposited Date Cash Debit September 5 1, 171 September 12 2, 294 September 21 4, 373 September 25 2, 345 September 30 1 , 670 11, 853September 25 2, 345 September 30 1, 670 11, 853 Cash Payments Check Number Cash Credit 5901 1, 821 5902 702 5903 438 5904 2, 063 5905 997 5906 1, 017 5907 274 5908 396 5909 1, 868 9, 576 Cash Account Number 101 Date Explanation PR Debit Credit Balance August 31 Balance 17, 470 September 30 Total receipts R12 11, 853 29, 323 September 30 Total payments D23 9,576 19, 747 Additional Information (a) Check Number 5904 is correctly drawn for $2,106 to pay for computer equipment; however, the recordkeeper misread the amount and entered it in the accounting records with a debit to Computer Equipment and a credit to Cash of $2,063. (b) The NSF check shown in the statement was originally received from a customer, S. Nilson, in payment of her account. Its return has not yet been recorded by the company. (c) The collection of the note on September 30 is not yet recorded by the company. Required: 1. Prepare the September 30 bank reconciliation for this company. mber 5904 is correctly drawn for $2,106 to pay for computer equipment; however, the recordkeeper misread the amount and entered it in the accounting records with a debit to Computer Equipment and a credit to Cash of $2,063. (b) The NSF check shown in the statement was originally received from a customer, S. Nilson, in payment of her account. Its return has not yet been recorded by the company. (c) The collection of the note on September 30 is not yet recorded by the company. Required: 1. Prepare the September 30 bank reconciliation for this company. CHAVEZ COMPANY Bank Reconciliation September 30 Bank statement balance Book balance Add: Add: Deduct: Deduct: Adjusted book balance Adjusted bank balance Next > of 8 Prev 6 7