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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 $1,067 and No. 5893 for $506. 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 19,000 TOTAL CHECKS AND DEBITS 9,951 TOTAL DEPOSITS AND CREDITS 11,810 CURRENT BALANCE 20,859 No. CHECKS AND DEBITS Date Amount 09/03 5888 1,067 09/04 5902 715 09/07 5901 1,826 09/17 688 NSF 09/20 5905 983 09/22 5903 430 09/22 5904 2,111 09/28 5907 238 09/29 5909 1,893 DEPOSITS AND CREDITS Date Amount 09/05 1,125 09/12 2,245 09/21 4,344 09/25 2,385 09/30 21 IN 09/30 1,690 CM From Chavez Company's Accounting Records Cash Receipts Deposited Cash Date Debit Sept. 5 1,125 12 2,245 21 4,344 25 2,385 30 1,680 11,779 Cash Payments Cash Check No. Credit 5901 1,826 5902 715 5903 430 5904 2,074 5905 983 5906 1,046 5907 238 5908 386 5909 1,893 9,591 PR Debit Credit Cash Date Explanation Aug. 31 Balance Sept. 30 Total receipts 30 Total payments Acct. No. 101 Balance 17,427 29,206 19,615 R12 D23 11,779 9,591 Additional Information (a) Check No. 5904 is correctly drawn for $2,111 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 $2,074. (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 $1,690 note for Chavez Company by the bank. The collection is not yet recorded. Bank Reconciliation September 30 Book balance Add: Bank statement balance Add: 0 0 0 0 Deduct: Deduct: 0 0 Adjusted bank balance 0 Adjusted book balance 0 Journal entry worksheet Record the entry related to the September 30 deposit, if required. Note: Enter debits before credits General Journal Debit Credit Date Sept 30 Record entry Clear entry View general journal Journal entry worksheet Record the entry related to the NSF check, if required. Note: Enter debits before credits. General Journal Debit Credit Date Sept 30 Record entry Clear entry View general journal Journal entry worksheet 1 2 3 4 5 6 Record the entry related to the error on check 5904, if required. Note: Enter debits before credits. General Journal Debit Credit Date Sept 30 Record entry Clear entry View general journal
