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 $1,032 and No. 5893 for $513. 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 18,500 TOTAL CHECKS AND DEBITS 9,865 TOTAL DEPOSITS AND CREDITS 11,570 CURRENT BALANCE 20, 205 CHECKS AND DEBITS Date No. Amount 09/03 5888 1,032 09/04 5902 734 09/07 5901 1,883 09/17 674 NSE 09/20 5905 906 09/22 5903 430 09/22 5904 2,060 09/28 5907 251 09/29 5909 1,895 DEPOSITS AND CREDITS Date Amount 09/05 1,159 09/12 2,263 09/21 4,204 09/25 2,314 09/30 20 IN 09/30 1,610 CM From Chavez Company's Accounting Records Cash Receipts Deposited Cash Date Debit Sept. 5 1,159 12 2,263 21 4,204 25 2,314 30 1,729 11,669 Cash Payments Canh Check No. Credit 5901 1,883 5902 734 5903 430 5904 2,019 5905 906 5906 1,046 5907 251 5908 401 5909 1,895 9,565 PR Debit Credit Canh Date Explanation Aug. 31 Balance Sept. 30 Total receipts 30 Total payments Acct. No. 101 Balance 16,955 28,624 19,059 R12 023 11,669 Additional Information (a) Check No. 5904 is correctly drawn for $2,060 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 $2,019. (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 $1610 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: Adjustod bank balance Adjusted book balance View transaction list f2 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 2 2 3 4 5 6 Record the entry related to the note receivable and the collection, if required. Note: Enter debits before credits. Dato Goneral Journal Dobit Credit Sept 30 Record entry Clear entry View general Journal Journal entry worksheet 1 2 2 3 3 4 5 6 > Record the entry related to the outstanding checks, if required. Note: Enter debits before credits. General Journal Debit Credit Date Sept 30 Record entry Clear entry View general Journal Journal entry worksheet 1 2 3 4 5 6 > Record the entry related to the NSF check, if required. Note: Enter debits before credits. Dato General Journal Debit Credit Sept 30 Record entry Clear entry View general Journal Journal entry worksheet
