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Prepare journal entries to adjust the book balance of cash to the reconciled balance.Required information [ The following information applies to the questions displayed below.
Prepare journal entries to adjust the book balance of cash to the reconciled balance.Required information
The following information applies to the questions displayed below.
Chavez Company most recently reconciled its bank statement and book balances of cash on August and it reported
two checks outstanding. Number for $ and Number for $ Check Number was still outstanding
as of September The following Information is avallable for its September reconcillation.
From Chavez Company's Accounting Records
Additional Information
a Check Number is correctly drawn for $ 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 $
b The NSF check shown In the statement was orlginally recelved from a customer, S Nilson, In payment of thelr account.
Its return has not yet been recorded by the company.
c The collection of the note on September is not yet recorded by the company.
Prepare joumal entries to adjust the book balance of cash to the reconciled balance.
Note: If no entry is required for a transactionevent select No journal entry required" in the first account field.
Journal entry worksheet
Record the entry related to the September deposit, if required.
Note: Enter debits befare credits.
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