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 $1,053 and Number 5893 for $496. Check Number 5893 was still outstanding as of September 30. The following information is available for its September 30 reconciliation. Date Description Withdrawals Deposits Balance September 1 $ 17,500 September 3 Check #5888 $ 1,053 $ 16,447 September 4 Check #5902 $ 752 $ 15,695 September 5 Cash deposit $ 1,136 $ 16,831 September 7 Check #5901 $ 1,832 $ 14,999 September 12 Cash deposit $ 2,270 $ 17,269 September 17 NSF check $ 606 September 20 Check #5905 $ 16,663 $ 983 $ 15,680 September 21 Cash deposit $ 4,079 $ 19,759 September 22 Check #5903 $ 419 $ 19,340 September 22 Check #5904 $ 2,099 $ 17,241 September 25 Cash deposit $ 2,302 $ 19,543 September 28 Check #5907 $ 233 $ 19,310 September 29 Check #5909 $ 1,895 $ 17, 415 September 30 Collected note $ 1,560 $ 18,975 September 30 Interest earned $ 19 $ 18,994 From Chavez Company's Accounting Records Cash Receipts Deposited Date Cash Debit September 5 1,136 September 12 2,270 September 21 4,079 September 25 2,302 September 30 1,757 11,544 Cash Payments Check Number Cash Credit 5901 1,832 5992 752 5903 419 5904 2.057 5905 983 5906 969 5907 233 Cash Payments Check Number Cash Credit 5901 1,832 5902 752 5903 419 5904 2,057 5905 983 5906 969 5907 233 5908 430 5999 1,895 9,570 PR Debit Date August 31 September 30 September 30 Cash Explanation Balance Total receipts Total payments Account Number 101 Credit Balance 15,951 27,495 9,570 17,925 R12 023 11,544 Additional Information (a) Check Number 5904 is correctly drawn for $2,099 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 $2,057 (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. 1 Record the entry related to the September 30 deposit, if required. 2 Record the entry related to interest earned, if required. 3 Record the entry related to the note receivable collected, if required 4 Record the entry related to the outstanding checks, if required. C! 5 Record the entry related to the NSF check, if required. 6 Record the entry related to the error on check 5904, if required
