Required information TThe 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 $1,075 and Number 5893 for $506. Check Number 5893 was stall outstanding as of September 30 . The following information is avallable for its September 30 reconciliation. From the September 30 Bank Statement From Chavez Compony's Accounting Records Additional Information (a) Check Number 5904 is correctly drawn for $2,100 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 $2,062. (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 reconcilation for this company. 2. Prepare joumal entries to sdjust the book balance of cash to the reconciled balance. Notes if no entry is required for a transaction/event, select "No journal entry required" in the firat account field. Journal entry worksheet 3456 Record the entry related to the September 30 deposit, if recuired. Note: Enter debits before credits. The collection is not yet recorded. 2. Prepare joumal entries to adjust the book balance of cash to the reconciled balance. Notes If no entry is required for a transaction/event, select "No journal entry required" in the first account field, Journal entry worksheet: 4.1 Record the entry related to interest earned, if required. Note: Enter debits before credits: (c) The credit memorandum (CM) is from the collection of a $1,520 note for Chavez Company by the boek. The coliection is not yet recorded. 2. Prepare journal entries to acjust the book balance of cash to the feconciled balance. Notes if no entry is required for a transaction/event, select "No joumal entry required" in the first account field. Journal entry worksheet Record the entry related to the note receivable and the collection, if required. Note: Enter debits before credits. (c) The crecit memerandum (CM) is from the collection of a $1,520 note for Chavez Company by the bark. The collection is not yet recorded. 2. Prepare joumal entries to achust the book balance of cash to the reconciled balance. Notes if no entry is required for a transaction'event, select "No joumal entry required" in the firat account field. Journal entry worksheet Record the entry related to the outstanding checks, if required. Note: Enter debits before credits. (b) The NSF- check shown in the statement was originalily 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 51,520 note for Chevez Company by the bank. The collection is not yet recorded, 2. Prepare journal entries to adjust the book balance of cash to the reconciled baiance. Notec if no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet 1234 6 Record the entry related to the NSF check, if required. Note: Enter debits before credits, (b) The NSF check shown in the statement was originaly received from a customer. 5 . Nilson, in peyment 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. 2. Prepare journal entries to adjust the book balance of cash to the reconciled balance Note: if no entry is required for a transactionvevent, select "No journal entry required" in the first account field. Journal entry worksheet Record the entry related to the error on check 5904 , if required. Note: Enter debits before credits
