Chapter Six Exercises and Problems (10 pts) 6 Part 1 of 2 Required information (The following information apples 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, No. 5888 for $1,099 and No. 5893 for $492. Check No. 5893 was stil outstanding as of September 30. The following information is available for its September 30 reconciliation From the September 30 Bank Statement 142 posts PREVIOUS BALANCE TOTAL CHECKS AND DEBITS TOTAL DEPOSITS AND CREDETS 11,69 CURRENT BALANCE 20,279 CHECKS AND DEBITS Dete Amount DEPOSITS AND CREDITS Date Amount (09/03 1,090 05/04 09/07 5402 594 796 1,836 09/12 09/21 2,326 4.272 9/25 09/20 3305 923 13 IN 22 5503 382 05/30 1,700 0 9/22 1004 2,115 /285007 1,063 From Chavez Company's Accounting Records Calat Deposited Cash Date Denit Seat. S 1,108 3,228 21 4,272 2,368 1715 Cap Payments Cash Credit 1,836 1983 1996 5581 5904 2.073 028 979 Pastora Additional Information 142 Check No. 5904 is conectly drawn for $2.115 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 $2.071 (b) The NSF check shown in the statement was originally received from a customer, S. Nison, 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 $1,700 note for Chavez Company by the bank. The collection is not yet recorded Required: 1. Prepare the September 30 bank reconciliation for this company Bare statement balance Ant CHAVEZ COMPANY Bank Reconciliation September 30 Book balance Add Deduct Deduct Added bar ance S 0 Adjusted book balance $ 0 Chapter Six Exercises and Problems (10 pts.). Part 1 of 2 142 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. No. 5888 for $1099 and No. 5893 for $492 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 18,500 TOTAL CHECKS AND DRETS TOTAL DEPOSITS AND CREDITS 11,689 CURRENT BALANCE 20,279 Block CHECKS AND DEBTS DEPOSITS AND CREDITS Date No. Anoust Date Amount 09/03 09/04 1,099 1,100 5902 796 09/12 2,228 09/07 5981 P 1,036 09/21 4,272 05/17 623 F 05/25 2,68 Referencas 09/20 5005 923 05/30 13 2 09/22 5903 382 09/30 1,700 CH 5/22 5904 2,115 09/20 5907 273 09/29 5909 1,363 From Chavez Company's Accounting Records Cash Receipts Deposited Cash Date Debit Sept. 5 1,300 12 2,228 21 4,272 25 2,348 30 1,713 15,689 Check Cash Credit Six Exercises and Problems (10 pts) Cash Payments Check No. Cash Credit 1,836 5901 5902 5903 382 5904 2,071 5905 923 5906 976 5907 273 5988 416 5909 3,863 9,534 Cash Acct. No. 101 Date Explanation PR Debit Credit Balance Aug. 31 Balance 16,909 Sept. 30 Total receipts R12 11,689 28,598 30 Total payments 023 9,534 19,064 Saved Additional Information (a) Check No. 5904 is correctly drawn for $2.115 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 $2,071. (b) The NSF check shown in the statement was originally received from a customer, S. Nison, 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 $1700 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 Required: 1. Prepare the September 30 bank reconciliation for this company. Bank statement balance Add CHAVEZ COMPANY Bank Reconciliation September 30 Book balance Add Deduct 0 0 Deduct 0 0 Adjusted bank balance $ Adjusted book balance $ 0 0 0