Answer Happy

ces Required information [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, Number 5888 for $1,047 and Number 5893 for $515. Check Number 5893 was still outstanding as of September 30. The following information is available for its September 30 reconciliation. Deposits Date September 1 September 3 September 4 September 5 September 7 September 12 September 17 September 20 September 21 September 22 September 22 September 25 September 28 September 29 September 30 September 30 From Chavez Company's Accounting Records Description Check #5888 Check #5902 Cash deposit Check #5901 Cash deposit NSF check Check #5905 Cash deposit Check #5903 Check #5904 Cash deposit Check # 5907 Check #5909 Collected note Interest earned Withdrawals $ 1,047 $781 $ 1,828 $ 660 $ 930 $ 435 $ 2,053 $ 266 $ 1,861 $ 1,146 $ 2,226 $ 4,343 $ 2,365 $ 1,670 $ 21 S Balance $ 20,000 $ 18,953 $ 18,172 $ 19,318 $ 17,490 $ 19,716 $ 19,056 $ 18,126 $ 22,469 $ 22,034 $ 19,981 $ 22,346 $ 22,080 $ 20,219 $ 21,889 $ 21,910
From Chavez Company's Accounting Records Cash Receipts Deposited Date September 9 September 12 September 21 September 25 September 30 Cash Payments Check Number 5901 5902 5903 5904 5905 5906 5907 5908 5909 Cash Debit 1,146 2,226 4,343 2,369 1,699 11,735 Date August 31 September 30 September 30 Cash Credit 1,828 781 435 2,009 938 959 266 368 1,861 9,437 Cash Explanation Balance Total receipts Total payments PR R12 D23 < Prev Debit 11,735 5 Account Number 101 Credit Balance 18,438 30,173 20,736 9,437 of 7 www www Next >
Additional Information (a) Check Number 5904 is correctly drawn for $2,053 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 $2,009. (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 30 is not yet recorded by the company. equired: Prepare the September 30 bank reconciliation for this company
es Required: 1. Prepare the September 30 bank reconciliation for this company. Bank statement balance Add: Deduct: Adjusted bank balance $ CHAVEZ COMPANY Bank Reconciliation September 30 20,000 Book balance Add: 20,000 0 Deduct: $ 20,000 Adjusted book balance 5 0