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 $1,045 and No. 5893 for $490. 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 18,000 TOTAL CHECKS AND DEBITS 9,928 TOTAL DEPOSITS AND CREDITS 11,644 CURRENT BALANCE 19,716 CHECKS AND DEBITS Date NO Amount 09/03 5888 1,045 09/04 5902 731 09/07 5901 1,840 09/17 655 NSF 09/20 5905 968 09/22 5903 400 09/22 5904 2,143 09/28 5907 266 09/29 5909 1,830 DEPOSITS AND CREDITS Date Arount 09/05 1,156 09/12 2,287 09/21 4,290 09/25 2,367 29/30 24 IN 09/30 1,520 CM From Chavez Company's Accounting Records Cash Receipts Deposited Date Sept. 5 12 21 25 3e Cash Debit 1,156 2,287 4,290 2,367 1,705 11,805 Cash Payments Cash Check No Credit 5901 2,840 5902 731 5903 400 5984 2, lee 5905 968 5986 1,020 5907 256 5908 421 5909 9,626 2.880 PR Debit Credit Cash Date Explanation Aug. 33 Balance Sept. 30 Total receipts 30 Total payments Acct. No. 101 Balance 16,465 28,270 18,544 11,805 R12 023 9,626 Additional Information (a) Check No. 5904 is correctly drawn for $2,143 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 $2,100. (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 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 2 3 4 5 6 Record the entry related to the September 30 deposit, if required. Note: Enter debits before credits General Journal Debit Credit Date Sopt 30 Record entry Clear entry View general Journal Prepare journal entries to adjust the book balance of cash to the reconcil nsaction/event, select "No journal entry required in the first account f View transaction list Journal entry worksheet Record the entry related to the NSF check, if required. Note: Enter debits before credits. Date General Journal Debit Credit Sept 30 Record entry Clear entry View general journal Journal entry worksheet
