problem 6-5A preparing a bank reconcilition and recording adjustments

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 $1,012 and No. 5893 for $485. 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 DALANCE 17,500 TOTAL CRACKS AND DEDITS 10,003 TOTAL DEPOSITS AND CREDITS 11,475 CURRENT BALANCE 18,972 CHECKS AND DEDITS Dato No. Amount 09/03 5888 1,012 09/04 5902 760 09/07 5901 1,898 09/17 689 NSE 09/20 5905 992 09/22 5903 397 09722 5904 2,112 09/28 5907 246 09/29 5909 1,897 DEPOSITS AND CREDITS Date Amount 09/05 1,156 09/12 2,232 09/21 4,061 09/25 2,327 09/30 19 IN 09/30 1,680 CM From Chavez Company's Accounting Records From Chavez Company's Accounting Records Cash Receipts Deposited Cash Date Debit Sept. 5 1,156 12 2,232 21 4,061 25 2, 327 30 1,760 11,536 Cash Payments Cash Check No. Credit 5901 1,898 5902 760 5903 397 5904 2,074 5905 992 5906 1,042 5907 246 5908 402 5909 1,897 9,708 Cash Date Explanation Aug. 31 Balance Sept. 30 Total receipts 30 Total payments PR Debit R12 D23 Acct. No. 101 Credit Balance 16,003 27,539 9,708 17,831 11,536 Additional Information (a) Check No. 5904 is correctly drawn for $2,112 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 $2,074. (6) 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 $1,680 note for Chavez Company by the bank. The collection is not yet recorded. roblem 6-5A Part 2 Prepare journal entries to adjust the book balance of cash to the reconciled balance. (If no entry is required for a ansaction/event, select "No journal entry required" in the first account field.) Required information View transaction list : 1 Record the entry related to the September 30 deposit, if required. 2 Record the entry related to interest earned, if required. 5 3 Record the entry related to the note receivable and the collection, if required 4 Record the entry related to the outstanding checks, if required Credit 5 Record the entry related to the NSF check, if required. 6 Record the entry related to the error on check 5904, if required Note : = fournal entry has been entered Record entry Clear entry View general journal MacBook Air SO F3 888 FG F5 @ og D 3 $ 4 % 5 A 6 & 7 00 View transaction list Journal entry worksheet Record the entry related to the note receivable and the collection, if required. Note: Enter debits before credits. Date General Journal Debit Credit Sept 30 Record entry Clear entry View general Journal HIST Journal entry worksheet Record the entry related to the outstanding checks, if required. Note: Enter debits before credits. Date General Journal Debit Credit Sept 30 Record entry Clear entry View general journal Journal entry worksheet