5 Required information Part 1 of 2 - Problem 6-5A (Algo) Preparing a bank reconciliation and recording adjustments LO P3 [The following information applies to the questions displayed below.] 2.5 points 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 $1,002 and No. 5893 for $506. Check No. 5893 was still outstanding as of September 30. The following information is available for its September 30 reconciliation. 8 01:31:12 From the September 30 Bank Statement PREVIOUS BALANCE 19,000 TOTAL CHECKS AND DEBITS 9,896 TOTAL DEPOSITS AND CREDITS 11,650 CURRENT BALANCE 20,754 eBook Print CHECKS AND DEBITS Date No. Amount 09/03 5888 1,002 09/04 5902 778 09/07 5901 1,835 09/17 668 NSF 09/20 5905 1,000 09/22 5903 399 09/22 5904 2,085 09/28 5907 253 09/29 5909 1,876 DEPOSITS AND CREDITS Date Amount 09/05 1,188 09/12 2,263 09/21 4,299 09/25 2,386 09/30 13 IN 09/30 1,510 CM References From Chavez Company's Accounting Records Cash Receipts Deposited Cash Date Debit Sept. 5 1,188 12 2,263 21 4,290 25 2,386 30 1,713 11,840 1 O Required information Part 1 of 2 1 - Cash Receipts Deposited Cash Date Debit Sept. 5 1,188 12 2,263 21 4,290 25 2,386 30 1,713 11,840 2.5 points 01:30:55 eBook Cash Payments Cash Check No. Credit 5901 1,835 5902 778 5903 399 5904 2,048 5905 1,000 5906 1,001 5907 253 5908 356 5909 1,876 9,546 Print . References PR Debit Credit Cash Date Explanation Aug. 31 Balance Sept. 30 Total receipts 30 Total payments Acct. No. 101 Balance 17,492 29,332 19,786 R12 D23 11,840 9,546 Additional Information (a) Check No. 5904 is correctly drawn for $2,085 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 $2,048. (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 $1,510 note for Chavez Company by the bank. The collection is not yet recorded. Checl LLIRI HUU HIULYLENELITILLVIULUNY LIL LUI PUIT- 6 Required information Part 2 of 2 Problem 6-5A (Algo) Part 2 2.5 points 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.) X 01:29:18 View transaction list eBook Journal entry worksheet Record the entry related to the September 30 deposit, if required. References Note: Enter debits before credits. Date General Journal Debit Credit Sept 30 Record entry Clear entry View general journal LILLLIIT FIUL FIUL LIMLILILLUI VLUNY LIL LUIINUITY- 6 Required information Part 2 of 2 Problem 6-5A (Algo) Part 2 2.5 points 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.) 8 01:28:44 View transaction list X! eBook 1 > Record the entry related to the September 30 deposit, if required. Print 2 Record the entry related to interest earned, if required. r References o 3 Record the entry related to the note receivable and the collection, if required. 4 Record the entry related to the outstanding checks, if required. Credit 5 Record the entry related to the NSF check, if required. 6 Record the entry related to the error on check 5904, if required. Note : = journal entry has been entered Record entry Clear entry View general journal Mc 5 Required information Part 1 of 2 - Problem 6-5A (Algo) Preparing a bank reconciliation and recording adjustments LO P3 [The following information applies to the questions displayed below.] 2.5 points 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 $1,002 and No. 5893 for $506. Check No. 5893 was still outstanding as of September 30. The following information is available for its September 30 reconciliation. 8 01:31:12 From the September 30 Bank Statement PREVIOUS BALANCE 19,000 TOTAL CHECKS AND DEBITS 9,896 TOTAL DEPOSITS AND CREDITS 11,650 CURRENT BALANCE 20,754 eBook Print CHECKS AND DEBITS Date No. Amount 09/03 5888 1,002 09/04 5902 778 09/07 5901 1,835 09/17 668 NSF 09/20 5905 1,000 09/22 5903 399 09/22 5904 2,085 09/28 5907 253 09/29 5909 1,876 DEPOSITS AND CREDITS Date Amount 09/05 1,188 09/12 2,263 09/21 4,299 09/25 2,386 09/30 13 IN 09/30 1,510 CM References From Chavez Company's Accounting Records Cash Receipts Deposited Cash Date Debit Sept. 5 1,188 12 2,263 21 4,290 25 2,386 30 1,713 11,840 1 O Required information Part 1 of 2 1 - Cash Receipts Deposited Cash Date Debit Sept. 5 1,188 12 2,263 21 4,290 25 2,386 30 1,713 11,840 2.5 points 01:30:55 eBook Cash Payments Cash Check No. Credit 5901 1,835 5902 778 5903 399 5904 2,048 5905 1,000 5906 1,001 5907 253 5908 356 5909 1,876 9,546 Print . References PR Debit Credit Cash Date Explanation Aug. 31 Balance Sept. 30 Total receipts 30 Total payments Acct. No. 101 Balance 17,492 29,332 19,786 R12 D23 11,840 9,546 Additional Information (a) Check No. 5904 is correctly drawn for $2,085 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 $2,048. (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 $1,510 note for Chavez Company by the bank. The collection is not yet recorded. Checl LLIRI HUU HIULYLENELITILLVIULUNY LIL LUI PUIT- 6 Required information Part 2 of 2 Problem 6-5A (Algo) Part 2 2.5 points 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.) X 01:29:18 View transaction list eBook Journal entry worksheet Record the entry related to the September 30 deposit, if required. References Note: Enter debits before credits. Date General Journal Debit Credit Sept 30 Record entry Clear entry View general journal LILLLIIT FIUL FIUL LIMLILILLUI VLUNY LIL LUIINUITY- 6 Required information Part 2 of 2 Problem 6-5A (Algo) Part 2 2.5 points 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.) 8 01:28:44 View transaction list X! eBook 1 > Record the entry related to the September 30 deposit, if required. Print 2 Record the entry related to interest earned, if required. r References o 3 Record the entry related to the note receivable and the collection, if required. 4 Record the entry related to the outstanding checks, if required. Credit 5 Record the entry related to the NSF check, if required. 6 Record the entry related to the error on check 5904, if required. Note : = journal entry has been entered Record entry Clear entry View general journal Mc