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 report two checks outstanding, No. 5888 for $1,086 and No. 5893 for $487. 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 9,880 TOTAL DEPOSITS AND CREDITS 11,389 CURRENT BALANCE 20,009 CHECKS AND DEBITS Date No. Amount 09/03 5888 1,086 09/04 5902 764 09/07 5901 1,849 09/17 605 NSF 09/20 5905 905 09/22 5903 406 09/22 5904 2,114 09/28 5907 262 09/29 5909 1,889 DEPOSITS AND CREDITS Date Amount 09/05 1,162 09/12 2,229 09/21 4,116 09/25 2,335 09/30 17 IN 09/30 1,530 CM From Chavez Company's Accounting Records Cash Receipts Deposited Cash Date Debit Sept. 5 1,162 12 2,229 21 4,116 25 2,335 30 1,670 11,512 Cash Payments Cash Check No. Credit 5901 1,849 5902 764 5903 406 5904 2,076 5905 905 5906 984 5907 262 5908 359 5909 1,889 9,494 PR Cash Date Explanation Aug. 31 Balance Sept. 30 Total receipts 30 Total payments Debit Credit R12 D23 Acct. No. 101 Balance 16,927 28, 439 18,945 11,512 9,494 Additional Information (a) Check No. 5904 is correctly drawn for $2,114 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 $2,076. (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 $1,530 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: 0 0 0 Deduct: 0 Deduct: 0 Adjusted bank balance 0 $ 0 Adjusted book balance $ 0 [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 $1,086 and No. 5893 for $487. 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 9,880 TOTAL DEPOSITS AND CREDITS 11,389 CURRENT BALANCE 20,009 No. 5888 5902 CHECKS AND DEBITS Date Amount 09/03 1,086 09/04 764 09/07 5901 1,849 09/17 605 NSE 09/20 5905 905 09/22 5903 406 09/22 5904 2,114 09/28 5907 262 09/29 5909 1,889 DEPOSITS AND CREDITS Date Amount 09/05 1,162 09/12 2,229 09/21 4,116 09/25 2,335 09/30 17 IN 09/30 1,530 CM From Chavez Company's Accounting Records Cash Receipts Deposited Cash Date Debit Sept. 5 1,162 12 2,229 21 4,116 25 2,335 30 1,670 11,512 11,512 Cash Payments Cash Check No. Credit 5901 1,849 5902 764 5903 406 5904 2,076 5905 905 5906 984 5907 262 5908 359 5909 1,889 9,494 PR Cash Date Explanation Aug. 31 Balance Sept. 30 Total receipts 30 Total payments Debit Credit R12 D23 Acct. No. 101 Balance 16,927 28,439 18,945 11,512 9,494 Additional Information (a) Check No. 5904 is correctly drawn for $2,114 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 $2,076. (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 $1,530 note for Chavez Company by the bank. The collection is not yet recorded. Journal entry worksheet Record the entry related to the September 30 deposit, if required. Note: Enter debits before credits. Date General Journal Sept 30 Debit Credit Record entry Clear entry View general journal
