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3 Chavez Company most recently reconciled its bank statement and book balances of cash on August 31 and it reported two checks outstanding, No. 5888

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3 Chavez Company most recently reconciled its bank statement and book balances of cash on August 31 and it reported two checks outstanding, No. 5888 for $1021 and No. 5893 for $516. Check No. 5893 was still outstanding as of September 30. The following information is available for its September 30 reconciliation From the September 30 Bank Statement PREVIOUS BALANCE TOTAL CHECKS AND DEDITS CURRET MALANCE 19,000 9,764 11,817 2 of 2 TOTAL DEPOSITS AND CREDITS 21.053 03:43:05 CHECKS AND DESITS Date No. Amount 09/03 5888 1,021 09/04 5902 722 09/07 5901 1.893 09/17 640 M4V 09/20 5905 906 09/22 5903 358 09/22 5906 2.113 09/28 5907 236 09/29 5909 3.875 DEPOSITS AND CREDITO Date Amount 09/05 1,178 09/12 2,245 09/23 4,329 09/25 2.383 09/30 22 IN 09/30 1.660 CM Book Print From Chavez Company's Accounting Records Cash Receipts Deponited Cash Date Debit Sept. 5 12 2.245 21 2.383 1.655 25 Served Help Cash Payments Cash Check No. Credit 5901 1,893 5902 722 5903 358 5904 2,068 5905 906 5906 1,031 5907 236 5908 353 5909 1,875 9,442 Canh PR Debit Date Explanation Aug. 31 Balance Sept. 30 Total receiptis 30 Total payments Aost. No 101 Credit Balance 17,463 29,253 9.442 19,811 11,290 R12 023 Additional Information (a) Check No. 5904 is correctly drawn for $2,13 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 $2,068. (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 credit memorandum (CM) is from the collection of a $1,660 note for Chavez Company by the bank. The collection is not yet recorded Problem 6-5A (Algo) Part 2 Required information 2. Prepare journal entries to adjust the book balance of cash to the reconciled balance. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 2 2 3 4 5 6 Record the entry related to the September 30 deposit, if required. Note: Enter debits before credits Date General Journal Debit Credit Sept 30 Record entry Clear entry View general Journal Record the entry related to interest earned, if required. Note: Enter debits before credits Date General Journal Debit Credit Sept 30 Record entry Clear entry View general Journal ol Record the entry related to the error on check 5904, If required. Note: Enter debits before credits. Date General Journal Debit Credit Sept 30 Record entry Clear entry View general Journal CO 3

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