Question

he falowing ntamanon appies to tme quastions displayed boiow) Chavez Company mpst recenty reconciled its bank stetement and baok balances of cash on August 31 and it reported twa checks outstandira, Np. 5889 far $1,057 and No. 5893 for $495, Check No. 5893was stil outstanding zs of September 30, The following informaton is avallable for ts September 30 raconciliation. From the Septomber 30 Bank Statement PREVIOUS BALANCE ТОТAL CHECКS AND DEBITS TOTAL DEPOSITS AND CREDITS CLRRENT BALANCE 9,904 20,000 11,5/0 2166 CHECKS AND DEBITS DEPOSITS AND CREDITS No. Amount Dete Dete Amount 0n03 5688 1057 00/05 1144 09 04 5902 T39 09/12 2,295 09/07 5901 1884 683 NSF 09/21 4.202 OR17 0a/25 2.315 5905 o9/30 09/30 09/20 912 23 N 09/22 358 2087 1,590 CM 5503 0n22 5504 O9 28 907 210 09/29 5909 1876 From Chavez Company's Accounting Recards Cash ceipes Deaos tad Cash Dete Seot. 5 Debit 1144 12 2,290 4.202 2,315 21 25 30 84 11,74 Cash Paymants Cesh Check No Credi 5901 1884 5902 5803 39 356 5904 2043 5905 912 5005 1033 SE07 210 5909 292 1876 5000 9445 _ Cest Date Exancion Aug 31 alanca Sept 30 Totel recepts 30 Теal paymerts Acct. No. 01 Cradi Dabi PR Balance 18.448 R12 1741 30189 20744 D23 9445 Addtional Intormation (a)Check No. 5904 is corecuy drawn for $2,087 to pay for computer equipment however, the recordkeeper inisreed the amount and entered it in the eccounting records wilh a debil to Computer Equipment and e crecit to Cesh of $2,043. al The NSF check shown in the staterment was ariginally reccived from a customer, S. Nilson, in payment of her account. Its rcturn has not yet been recorded by the compamy. Tha credit memorandumCM) om the colection of a $1,590 note for Chavez Company by the bank The colection is not yet recardad

Answer 1

CHAVEZ COMPANY
Bank Reconciliation
September 30
Bank statement balance		21766	Book balance		20744
Add:			Add:
Deposit of Sept. 30	1784		Interest earned	23
			Proceeds of note	1590
		1784			1613
		23550			22357
Deduct:			Deduct:
Check No. 5893	495		NSF check	683
Check No. 5906	1033		Error (check 5904)	44
Check No. 5908	392
		1920			727
Adjusted bank balance		21630	Adjusted book balance		21630