I need help filling in all the blanks. For example, when they ask for outstanding checks, they want all the checks listed in order. Not just the total. That goes for most of what they ask for in these entries. Thank you.
Required information Problem 6-5A Preparing a bank reconciliation and recording adjustments LO P3 [The following information applies to the questions displayed below.] 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 $1,063 and No. 5893 for $483. 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 18,000 TOTAL CHECKS AND DEBITS 9,789 TOTAL DEPOSITS AND CREDITS 11,646 CURRENT BALANCE 19,857 CHECKS AND DEBITS Date No. Amount 09/03 5888 1,063 09/04 5902 713 09/07 5901 1,813 09/17 660 NSF 09/20 5905 922 09/22 5903 366 09/22 5904 2,105 09/28 5907 259 09/295909 1,888 DEPOSITS AND CREDITS Date Amount 09/05 1,172 09/12 2,280 09/21 4,298 09/25 2,376 09/30 20 IN 09/30 1,500 CM From Chavez Company's Accounting Records Cash Receipts Deposited Cash Date Debit Sept. 5 1,172 2,280 4,298 2,376 1,730 11,856 12 Cash Payments Cash Check No. Credit 5901 1,813 5902 713 5903 366 5904 2,063 5905 922 5906 1,007 5907 259 5908 396 5909 1,888 9,427 PR Debit Credit Cash Date Explanation Aug. 31 Balance Sept. 30 Total receipts 30 Total payments R12 Acct. No. 101 Balance 16,454 28,310 18,883 11,856 D23 9,427 18,883 Additional Information (a) Check No. 5904 is correctly drawn for $2,105 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 $2,063. (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 $1,500 note for Chavez Company by the bank. The collection is not yet recorded. Problem 6-5A Part 1 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 0 Adjusted book balance Problem 6-5A Part 2 2. Prepare journal entries to adjust the book balance of cash to the reconciled balance. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet
