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 $1,089 and No 5893 for $517 The following information is available for its September 30, 2017, reconciliation From the September 30 Bank Statement PREVIOUS BALANCE TOTAL CHECKS AND DEBITS TOTAL DEPOSITS AND CREDITS CURRENT BALANCE 18,500 9,922 11,574 20,152 CHECKS AND DEBITS DEPOSITS AND CREDITS Date No Amount Date Amount 09 03 5888 1,089 09 05 1,144 09 04 5902 708 09 12 2,222 09 07 5901 1,801 09 21 4,313 09 17 686 NSF 09 25 2,386 09 20 5905 939 09 30 22 IN 09 22 5903 434 09 30 1,487 CM 09 22 5904 2,130 09 28 5907 261 09 29 5909 1,874 From Chavez Companys Accounting Records Cash Receipts Deposited Date Cash Debit Sept 5 1,144 12 2,222 21 4,313 25 2,386 30 1,656 11,721 Cash Disbursements Check No Cash Credit 5901 1,801 5902 708 5903 434 5904 2,093 5905 939 5906 961 5907 261 5908 405 5909 1,874 9,476 Cash Acct No 101 Date Explanation PR Debit Credit Balance Aug 31 Balance 16,894 Sept 30 Total receipts R12 11,721 28,615 30 Total disbursements D23 9,476 19,139 Additional Information Check No 5904 is correctly drawn for $2,130 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 $2,093 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 The credit memorandum is from the collection of a $1,510 note for Chavez Company by the bank The bank deducted a $23 collection fee The collection and fee are not yet recorded 1 Prepare the September 30, 2017, bank reconciliation for this company CHAVEZ COMPANY Bank Reconciliation September 30, 2017 Book balance Bank statement balance Add Add 0 0 0 0 Deduct Deduct 0 0 Adjusted bank balance $ 0 Adjusted book balance $ 0

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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

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 $1,089 and No. 5893 for $517. The following information is available for its September 30, 2017, reconciliation.

From the September 30 Bank Statement

PREVIOUS BALANCE	TOTAL CHECKS AND DEBITS	TOTAL DEPOSITS AND CREDITS	CURRENT BALANCE
18,500	9,922	11,574	20,152

CHECKS AND DEBITS				DEPOSITS AND CREDITS
Date	No.	Amount		Date	Amount
09/03	5888	1,089		09/05	1,144
09/04	5902	708		09/12	2,222
09/07	5901	1,801		09/21	4,313
09/17		686	NSF	09/25	2,386
09/20	5905	939		09/30	22	IN
09/22	5903	434		09/30	1,487	CM
09/22	5904	2,130
09/28	5907	261
09/29	5909	1,874

From Chavez Companys Accounting Records

Cash Receipts Deposited
Date		Cash Debit
Sept.	5		1,144
	12		2,222
	21		4,313
	25		2,386
	30		1,656
			11,721

Cash Disbursements
Check No.	Cash Credit
5901		1,801
5902		708
5903		434
5904		2,093
5905		939
5906		961
5907		261
5908		405
5909		1,874
		9,476

Cash			Acct. No. 101
Date	Explanation	PR	Debit	Credit	Balance
Aug. 31	Balance				16,894
Sept. 30	Total receipts	R12	11,721		28,615
30	Total disbursements	D23		9,476	19,139

Additional Information Check No. 5904 is correctly drawn for $2,130 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 $2,093. 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. The credit memorandum is from the collection of a $1,510 note for Chavez Company by the bank. The bank deducted a $23 collection fee. The collection and fee are not yet recorded. image text in transcribed

1. Prepare the September 30, 2017, bank reconciliation for this company. CHAVEZ COMPANY Bank Reconciliation September 30, 2017 Book balance Bank statement balance Add: Add: 0 0 0 0 Deduct: Deduct: 0 0 Adjusted bank balance $ 0 Adjusted book balance $ 0