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Additional Information (a) Check No. 5904 is correctly drawn for $2,547 to pay for computer equipment; however, the recordkeeper misread the amount and entered it
Additional Information (a) Check No. 5904 is correctly drawn for $2,547 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 $2,103. (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 $1,590 note for Chavez Company by the bank. The collection is not yet recorded Required: 1. Prepare the September 30 bank reconciliation for this company. CHAVEZ COMPANY Bank Reconciliation September 30 Book balance Add: Bank statement balance Add: Deposit of Sept 30 $ 1,568 1.668 1.668 Deduct Deduct Check No. 5893 Check No. 5906 518 976 Adjusted bank balance 3,362 $ (1.694) Adjusted book balance
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