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 $1,049 and No. 5893 for $505. 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 18,500 TOTAL CRECKS AND DEBITS 9,804 TOTAL DEPOSITS AND CREDITS CURRENT BALANCE 20,224 11.52 1,166 CHECKS AND DEBITS Date No. Amount 09/03 5888 1.049 09/04 09/07 5901 1,853 09/17 644 NSF 09/20 5905 973 09/22 5903 407 09/22 5904 ,052 09/28 5907 09/29 5909 DEPOSITS AND CREDITS Date Amount 09/05 09/12 2.296 09/21 4.065 09/25 09/30 09/30 From Chavez Company's Accounting Records Cheb Receipts Deponite Cash Debit 1.166 2,296 4,065 2,381 1792 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 $1,049 and No. 5893 for $505. 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 18,500 TOTAL. CHECKS AND DEBITS TOTAL DEPOSITS AND CREDITS CURRENT BALANCE 20,224 9.804 CHECKS AND DEBITS Date 09/03 5888 09/04 5902 09/07 5901 09/17 09/20 5905 09/22 5903 09/22 5904 09/28 5907 09/29 5909 DEPOSITS AND CREDITS Date Amount 09/05 1,166 09/12 2,296 09/21 4,065 09/25 09/30 20 IN 09/30 1,600 CM NSF 2,381 From Chavez Company's Accounting Records cas Receipts Deposited Cash Debit Sept 1166 2,296 065 Mount CHECKS AND DEBITS Date No. Amount 09/03 5888 1,049 09/04 5902 751 09/07 5901 1,853 09/17 644 NSF 09/20 5905 973 09/22 5903 407 09/22 5904 2,052 09/28 5907 213 09/29 5909 1,862 DEPOSITS AND CREDITS Date 09/05 1,166 09/12 2,296 09/21 4,065 09/25 2,381 09/30 20 IN 09/30 1,600 CM From Chavez Company's Accounting Records Cash Receipts Deposited Cash Date Debit Sept. 5 1,166 2,296 4,065 2,381 1,792 11,700 Cash Payments Cash Check No. Credit 5901 1, 853 5902 751 407 2,014 973 981 Un un inu un un un Oh oh oh oh oh oh oh OOOOOOO COM 421 1,862 9,475 5905 5906 5907 5908 5909 014 973 981 213 421 1,862 9,475 Cash Date Explanation Aug. 31 Balance Sept. 30 Total receipts 30 Total payments PR Debit R12 D23 11,700 Acct. No. 101 Credit Balance 16,946 28,646 9,475 19,171 Additional Information (a) Check No. 5904 is correctly drawn for $2,052 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 $2,014. (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 $1,600 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 20,224 Book balance Bank statement balance 3 4 of 5 !! Next >
