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 $1,084 and No 5893 for $498 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 TOTAL CHECKS AND DEBITS TOTAL DEPOSITS AND CREDITS CURRENT BALANCE 17,500 9,913 11,455 19,042 CHECKS AND DEBITS DEPOSITS AND CREDITS Date No Amount Date Amount 09 03 5888 1,084 09 05 1,117 09 04 5902 765 09 12 2,278 09 07 5901 1,865 09 21 4,134 09 17 674 NSF 09 25 2,384 09 20 5905 930 09 30 22 IN 09 22 5903 360 09 30 1,520 CM 09 22 5904 2,082 09 28 5907 267 09 29 5909 1,886 From Chavez Companys Accounting Records Cash Receipts Deposited Date Cash Debit Sept 5 1,117 12 2,278 21 4,134 25 2,384 30 1,741 11,654 Cash Payments Check No Cash Credit 5901 1,865 5902 765 5903 360 5904 2,037 5905 930 5906 1,020 5907 267 5908 394 5909 1,886 9,524 Cash Acct No 101 Date Explanation PR Debit Credit Balance Aug 31 Balance 15,918 Sept 30 Total receipts R12 11,654 27,572 30 Total payments D23 9,524 18,048 Additional Information (a) Check No 5904 is correctly drawn for $2,082 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 $2,037 (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 $1,520 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 Book balance Add Bank statement balance Add Deduct Deduct Adjusted bank balance Adjusted book balance

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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

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 $1,084 and No. 5893 for $498. 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	TOTAL CHECKS AND DEBITS	TOTAL DEPOSITS AND CREDITS	CURRENT BALANCE
17,500	9,913	11,455	19,042

CHECKS AND DEBITS				DEPOSITS AND CREDITS
Date	No.	Amount		Date	Amount
09/03	5888	1,084		09/05	1,117
09/04	5902	765		09/12	2,278
09/07	5901	1,865		09/21	4,134
09/17		674	NSF	09/25	2,384
09/20	5905	930		09/30	22	IN
09/22	5903	360		09/30	1,520	CM
09/22	5904	2,082
09/28	5907	267
09/29	5909	1,886

From Chavez Companys Accounting Records

Cash Receipts Deposited
Date		Cash Debit
Sept.	5		1,117
	12		2,278
	21		4,134
	25		2,384
	30		1,741
			11,654

Cash Payments
Check No.	Cash Credit
5901		1,865
5902		765
5903		360
5904		2,037
5905		930
5906		1,020
5907		267
5908		394
5909		1,886
		9,524

Cash			Acct. No. 101
Date	Explanation	PR	Debit	Credit	Balance
Aug. 31	Balance				15,918
Sept. 30	Total receipts	R12	11,654		27,572
30	Total payments	D23		9,524	18,048

Additional Information

(a) Check No. 5904 is correctly drawn for $2,082 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 $2,037.
(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 $1,520 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 Book balance Add: Bank statement balance Add: Deduct: Deduct: Adjusted bank balance Adjusted book balance