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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

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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 $1.015 and No: 5893 for $512. 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 20,000 TOTAL CHECKS MODEAS 9,790 TOTAL DEPOSITS AD CREDITS CURRENT SADNICE 21,813 CHEOS AD DEBITS Date No. Amount 09/03 5888 1,015 09/04 5902 09/07 5901 1,88 09/12 009 SE 09/20 59 900 09/22 5903 09/22 3904 2.117 09/2 5902 221 09/2 5900 1,866 DEPOSITS MOCHIDITS Date out es 1,103 09/12 2,25 09/21 4,20 9/25 2,376 9/10 131 9/30 1.600 From Chavez Company Accounting Records Debit Cash Recent Deposited Date Sept. 5 1.103 12 2,25 21 4,203 25 10 11.570 2.122 Check Cash Pants credit 5901 1,883 5902 743 5903 442 500 2,073 50 590 1,010 590 222 500 260 9 590 Act. 103 Delit Cash Danesti 11 Balance Sept. Total receipts 10 Total pants 12 00 11,333 1.3 0,11 Additional Information (a) Check No 5904 is correctly drawn for $2.117 to pay for computer equipment, however the recordkeeper misread the amount and entered it in the accounting records with a debt to computer Equipment and a credit to Cosh of 52,073 (b) The NSF check shown in the statement was originally received from a customers Nilson, in payment of her account Its retum has not yet been recorded by the company (c) The credit memorandum (CM) is from the collection of 51680 note for Chavez Company by the bank. The collection is not yet recorded 30 Total payments WO Additional Information (a) Check No. 5904 is correctly drawn for $2,117 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 $2,073, (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 $1680 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 Deduct Deduct Adjusted bank balance Adjustod book balance

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