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, Number 5888 for $1.028 and Number 5893 for $494. Check Number 5893 was still outstanding as of September 30. The following information is available for its September 30 reconciliation Date Description Withdrawals Deposits Balance September 1 $ 16,800 September 3 Check #5888 $ 1,028 $ 15,772 September 4 Check 5902 $ 719 $ 15,053 September 5 Cash deposit $ 1,103 $ 16,156 September 7 Check 35901 $ 1,824 $ 14,332 September 12 Cash deposit $ 2,226 $ 16,558 September 17 NSF check $ 600 $ 15,958 September 20 Check 5905 $937 $ 15,021 September 21 Cash deposit $ 4,993 $ 19,114 September 22 Check *5903 $ 399 $18,715 September 22 Check #5904 $ 2,090 $ 16,625 September 25 Cash deposit $ 2,351 $ 18,976 September 28 Check #5907 $ 213 $ 18,763 September 29 Check 5909 $ 1,807 $ 16,956 September 30 Collected note $ 1,455 $ 18, 441 September 30 Interest earned $ 12 $ 18,453 From Chavez Company's Accounting Records Cash Receipts Deposited Date Cash Debit HOVCA Lany ALL CLUIUS Cash Receipts Deposited Date Cash Debit September 5 1,103 September 12 2.226 September 21 4,093 September 25 2,351 September 30 1,682 11,455 Cash Payments Check Number Cash Credit 5901 1.824 5902 719 5903 399 5904 2,060 5905 982 5902 213 5908 388 5909 1.802 9,329 5906 PR Debit Date August 31 September 30 September 30 Cash Explanation Balance Total receipts Total payments Account Number 101 Credit Balance 15,278 26,733 9,329 17,404 R12 023 11,455 Additional Information (a) Check Number 5904 is correctly drawn for $2,090 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 Additional Information (a) Check Number 5904 is correctly drawn for $2,090 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 $2.060. (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 collection of the note on September 30 is not yet recorded by the company Required: 1. Prepare the September 30 bank reconciliation for this company. Bank statement balance Add Deposit of September 30 CHAVEZ COMPANY Bank Reconciliation September 30 Book balance Add Interest earned Note proceeds 0 0 Deduct NSF check Error(check 5004) 0 0 Deduct Check Number 5893 Check Number 5900 Check Number 5908 600 30 494 982 388 1.864 -1,864 Adjusted book balance 830 -630 $ $ Adjusted bank balance 2. 3 4 5 6 > Record the entry related to the September 30 deposit, if required. OK Int Inces Note: Enter debits before credits. General Journal Debit Credit Date September 30 Record entry Clear entry View general journal -purnuwuuuur woun wulurIC VI Curruru transaction/event, select "No journal entry required" in the first accou View transaction list Journal entry worksheet 1 2 3 4 5 6 Record the entry related to the note receivable collected, if required. IA Journal entry worksheet 1 2. 2 3 4 4 5 LO 6 > Record the entry related to the outstanding checks, if required. list Journal entry worksheet Record the entry related to the error on check 5904, if required. A Note: Enter debits before credits General Journal Debit Credit Date September 30
