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 31 and it reported two checks outstanding, No. 5888 for $1,020 and No. 5893 for $499. 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 TOTAL CHECKS AND DEBITS TOTAL DEPOSITS AND CREDITS 17,000 11,677 18,860 PREVIOUS BALANCE CURRENT BALANCE 9,817 CHECKS AND DEBITS Date No. Amount 09/03 5888 1,020 09/04 5902 745 09/07 5901 1,828 09/17 617 NSF 09/20 5905 931 09/22 5903 392 09/22 5904 2,136 09/28 5907 271 09/29 5999 1,877 DEPOSITS AND CREDITS Date Amount 09/05 1,133 09/12 2,247 09/21 4,262 09/25 2,352 09/30 18 IN 09/30 1,660 CM From Chavez Company's Accounting Records Cash Receipts Deposited Cash Date Debit Sept. 5 1,133 12 2,247 21 4,262 25 2.357 30 1,681 11,630 Cash Payments Cash Check No. Credit 5901 1.028 Check my work Additional information (a) Check No. 5904 is correctly drawn for $2,136 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 $2,096 (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 $1,660 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 18.050 Book balance (Add $ 17.652 Bank statement balance Add Deposit of Sept 30 5 1681 1681 20541 Deduct 0 17,652 Deduct Adjusted bank balance 520 541 Mid book blanco 0 17.652 5 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 $1,020 and No. 5893 for $499. 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 17,000 TOTAL CHECKS AND DEBITS 9,817 TOTAL DEPOSITS AND CREDITS 11,677 CURRENT BALANCE 18,860 D. CHECKS AND DEBITS Date No Amount 09/03 5888 1,020 09/04 5902 745 09/02 5901 1,828 09/17 617 NSE 09/20 3905 931 09722 5903 392 09/22 5984 2,136 09/28 5907 271 09/29 5900 1,872 DEPOSITS AND CREDITS Date Andunt 09/05 1,133 e9/12 2,247 09/21 4.262 09/25 2,357 09/30 18 IN 09/30 1,660 CM From Chavez Company's Accounting Records Cas Receipts Deposited Cash Date Debit Sept. 5 1,133 12 2242 21 4,262 2,352 30 1,681 11,680 Cash Payments Cash Check No. Credit 5901 1.828
