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 $1,083 and No. 5893 for $506. The following information is available for its September 30 reconciliation From the September 30 Bank Statement PREVIOUS BALANCE 18,000 TOTAL CHECKS AND DEBITS 9,791 TOTAL DEPOSITS AND CREDITS 11,530 CURRENT BALANCE 19,739 CHECKS AND DEBITS Date No. Azount 09/03 5888 1,083 09/04 5902 743 09/07 5901 1.860 09/17 603 NSP 09/20 5905 908 09/22 5903 388 09/22 5904 2,070 09/28 5907 277 09/29 5909 1.859 DEPOSITS AND CREDITS Date Amount 09/05 1,140 09/12 2,224 09/21 4,339 09/25 2,302 09/30 21 IN 09/30 1,504 CM From Chavez Company's Accounting Records Cash Receipt: Deposited Cash Date Debit Sept. 5 1.140 12 2,224 23 4,339 25 2,302 30 1.7BB 11.793 Cash Disbursements Cash Cash Disbursements Cash Check No. Credit 5901 1,860 5902 743 5903 389 5904 2.031 5905 908 5906 1,015 5907 277 5908 428 5909 1,859 9.509 PR Debit Cash Date Explanation Aug. 31 Balance Sept. 30 Total receipts 30 Total disbursements Acct. No. 101 Credit Balance 16.411 28,204 9, 509 18,695 11,793 R12 D23 Additional Information Check No. 5904 is correctly drawn for $2,070 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 $2,031. 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. The credit memorandum (CM) is from the collection of a $1,520 note for Chavez Company by the bank. The bank deducted a $16 collection expense. The collection and expense are not yet recorded Required: 1. Prepare the September 30 bank reconciliation for this company, CHAVEZ COMPANY Bank Reconciliation has not yet been recorded by the company. The credit memorandum (CM) is from the collection of a $1,520 note for Chavez Company by the bank. The bank deducted a $16 collection expense. The collection and expense are not yet recorded Required: 1. Prepare the September 30 bank reconciliation for this company. CHAVEZ COMPANY Bank Reconciliation September 30 Book balanco Add: Bank statement balance Add: 0 0 0 Deduct 0 Deduct Adjusted bank balance 0 O Adjusted book balance 0 $ $ 0 ditional Information Check No. 5904 is correctly drawn for $2,070 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 $2,031. 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. The credit memorandum (CM) is from the collection of a $1,520 note for Chavez Company by the bank. The bank deducted a $16 collection expense. The collection and expense are not yet recorded 2. Prepare journal entries to adjust the book balance of cash to the reconciled balance. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 2. 3 5 6 Record the entry related to the September 30 deposit, if required. Note: Enter debits before credits Date General Journal Debit Credit Sept 30
