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[ The following information applies to the questions displayed below. ] Chavez Company most recently reconciled its bank statement and book balances of cash on
The following information applies to the questions displayed below.
Chavez Company most recently reconciled its bank statement and book balances of cash on August and it reported two checks outstanding, Number for $ and Number for $ Check Number was still outstanding as of September The following information is available for its September reconciliation.
Date Description Withdrawals Deposits Balance
September $
September Check # $ $
September Check # $ $
September Cash deposit $ $
September Check # $ $
September Cash deposit $ $
September NSF check $ $
September Check # $ $
September Cash deposit $ $
September Check # $ $
September Check # $ $
September Cash deposit $ $
September Check # $ $
September Check # $ $
September Collected note $ $
September Interest earned $ $
From Chavez Companys Accounting Records
Cash Receipts Deposited
Date Cash Debit
September
September
September
September
September
Cash Payments
Check Number Cash Credit
Cash Account Number
Date Explanation PR Debit Credit Balance
August Balance
September Total receipts R
September Total payments D
Additional Information
a Check Number is correctly drawn for $ 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 $
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 collection of the note on September is not yet recorded by the company. Chavez Company most recently reconciled its bank statement and book balances of cash on August and it reported
two checks outstanding, Number for $ and Number for $ Check Number was still outstanding
as of September The following information is available for its September reconciliation.
From Chavez Company's Accounting Records Additional Information
a Check Number is correctly drawn for $ 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 $
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 collection of the note on September is not yet recorded by the company. Required:
Prepare the September bank reconciliation for this company.
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