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 $1,031 and No. 5893 for $506. 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 20,500 TOTAL CHECKS AND DEBITS 9,699 TOTAL DEPOSITS AND CREDITS 11,767 CURRENT BALANCE 22,568 CHECKS AND DEPOSITS AND DEBITS CREDITS Date No. Amount Date Amount 09/035888 1,031 09/05 1,177 09/045902 739 09/12 2,256 09/075901 1,855 09/21 4,398 09/17 691NSE 09/25 2,323 09/205905 910 09/30 23IN 09/225903 351 09/30 1,590CM 09/225904 2,054 09/285907 213 DEBITS CREDITS Date No. Amount Date Amount 09/035888 1,031 09/05 1,177 09/045902 739 09/12 2,256 09/075901 1,855 09/21 4,398 09/17 691NSF 09/25 2,323 09/205905910 09/30 23IN 09/225903 351 09/30 1,590CM 09/225904 2,054 09/285907 213 09/295909 1,855 From Chavez Company's Accounting Records Cash Receipts Deposited Cash Date Debit Sept. 5 1,177 12 2,256 21 4,398 25 2,323 30 1,744 11,898 Cash Payments Check Cash No. Credit 5901 1,855 5902 739 5903 351 5904 2,011 5905 910 5906 974 5907 213 5908 392 5909 1,855 9,300 Cash Date Explanation Acct. No. 101 PR Debit Credit Balance Aug. Balance 18,963 R12 11,898 31 Sept. Total 30 receipts 30 Total payments 30,861 D23 9,300 21,561 Additional Information (a) Check No. 5904 is correctly drawn for $2,054 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 $2,011. (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 $1,590 note for Chavez Company by the bank. The collection is not yet recorded. 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 Adjusted book balance Journal entry worksheet Record the entry related to the September 30 deposit, if required. Note: Enter debits before credits. Date General Journal Debit Credit Sept 30 Record entry Clear entry View general Journal Journal entry worksheet Record the entry related to interest earned, if required. Note: Enter debits before credits. Date General Journal Debit Credit Sept 30 Record entry Clear entry View general Journal Journal entry worksheet Record the entry related to the NSF check, if required. Note: Enter debits before credits. ate General Journal Debit Credit Sept 30 Record entry Clear entry View general Journal Journal entry worksheet Record the entry related to the error on check 5904, if required. Note: Enter debits before credits Date General Journal Debit Credit Sept 30 Record entry Clear entry View general Journal
