lThe following intormation appies 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 $1,095 and No. 5893 for $503. The following information is available for its September 30, 2017, reconciliation. From the September 30 Bank Statement PREVIOUS BALANCE TOTAL DEPOSITS AND CREDITS TOTAL CHECKS AND DEBITS 10,003 CURRENT BALANCE 19,661 18,000 11,664 CHECKS AND DEBITS DEPOSITS AND CREDITS Date No. Amount Date Amount 1,095 758 09/05 09/12 09/21 659NSF 09/25 09/30 1,180 2,235 4,313 09/035888 09/045902 09/075901 1,861 09/17 2,307 22IN 09/205905 976 372 09/225903 09/30 1,607CM 09/225904 2,108 278 1,896 09/285907 09/295909 From Chavez Company's Accounting Records Cash Receipts Deposited. Cash Debit 1,180 2,235 4,313 2,307 1,772 Date Sept. 5 12 21 25 30 11,807 Cash Disbursements Check Cash No. Credit 5901 1,861 5902 758 5903 372 2,069 5904 5905 976 5906 969 5907 278 5908 426 5909 1,896 9,605 Cash Date Explanation Aug Balance Acct. No. 101 Debit Credit Balance PR 16,402 31 Sept. Total receipts 30 R12 11,807 28,209 Total 30 disbursements D23 9,605 18,604 Additional Information Check No. 5904 is correctly drawn for $2,108 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 $2,069. The NSF check shown in the statement was originaly received from a customer, S. Nilson, in payment of her account. Its return has not yet been recorded by the company. The credit memorandum is from the collection of a $1,630 note for Chavez Company by the bank. The bank deducted a $23 collection fee. The collection and fee are not yet recorded. Problem 6-5A Part 2 2. Prepare the jounal 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 > 1 2 345 6 Record the entry related to the September 30 deposit, if required. Note: Enter debits before credits. General Journal Date Debit Credit Sept 30 Record entry View general journal Clear entry Journal entry worksheet 123 4 5 6 Record the entry related to interest earned, if required. Note: Enter debits before credits. Debit Credit Date General Journal Sept 30 Record entry Clear entry View general journal Journal entry worksheet 1 2 > 3 6 4 5 Record the entry related to the note receivable and the collection fee, if required Note: Enter debits before credits. General Journal Date Debit Credit Sept 30 Record entry View general journal Clear entry Journal entry worksheet 1 2 3 5 6 4 Record the entry related to the outstanding checks, if required Note: Enter debits before credits. Debit Credit Date General Journal Sept 30 View general journal Record entry Clear entry Journal entry worksheet 1 2 34 6 Record the entry related to the NSF check, if required. Note: Enter debits before credits. General Journal Debit Credit Date Sept 30 View general journal Record entry Clear entry Journal entry worksheet 1 2 3 4 6 5 Record the entry related to the error on check 5904, if required. Note: Enter debits before credits. Date General Journal Debit Credit Sept 30 View general journal Record entry Clear entry
