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 $1,098 and Number 5893 for $482. Check Number 5893 was still outstanding as of September 30. The following information is available for its September 30 reconciliation Description Withdrawals Deposits $ 1,098 $ 70 $ 2,162 $ 1,893 $ 2,243 Date September 1 September 3 September 4 September 5 September September 12 September 17 September 20 September 21 September 22 September 22 September 25 September 28 September 29 September 3 September 30 5674 5959 Check #5888 Check #5902 Cash deposit Check 5901 Cash deposit NSF check Check #5905 Cash deposit Check #5903 Check 5984 Cash deposit Check 5907 Check #5909 Collected note Interest warned Balance $ 17,000 $ 15,902 $ 15,162 $ 16, 324 $ 14,031 $ 15,674 $ 16, Bee $ 35,043 $ 19,169 $ 18,00 $ 16,710 $ 19,084 S1858 $ 16,962 $ 18,4 $ 18,499 $4,128 5 361 $ 2,098 $ 2,374 $ 226 $ 1,896 $ 2,52e $ 12 From Chavez company's Accounting Records Cash Receipts Deposited Date Cash Debit September 1, 162 September 12 2,243 September 21 4,128 September 25 2,374 September 30 1,764 11,671 Cash Payments Check Number Cash Credit 5901 1,893 5902 740 5003 361 5984 23 661 59as 959 5986 1,041 5902 226 5988 424 5909 2.896 9,61 PH Debat Cash Date Explanation August 31 Balance September 3 Yotal receipts September 30 Total payments Account Number 101 Credit Balance 15,420 27.00 9,681 17.490 RIZ 123 11.671 Additional Information (a) Check Number 5904 is correctly drawn for $2.098 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 $2,061 (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, MULHOUguon (a) Check Number 5904 is correctly drawn for $2,098 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 $2,061 (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 Problem 6-5A (Algo) Part 1 Required: 1. Prepare the September 30 bank reconciliation for this company CHAVEZ COMPANY Bank Reconciliation September 30 Book balance Add: Bank statement balance Add 0 0 Deduct: Deduct 0 Adjusted bank balance 0 S 0 Adjusted book balance $ 0
