$\backslash$table$[[,$Cash,,,Account Number $101],[$Date$,$Explanation,PR$,$Debit,Credit,Balance$],[$August $31,$Balance,,,,$16,950],[$September $30,$Total receipts,R$12,11,865,,28,815],[$September $30,$Total payments,D$23,,9,497,19,318]]$

Additional Information

$($a$)$ Check Number $5904$ is correctly drawn for $$2,102$ to pay for computer equipment; however, the recordkeeper misread the amount and entered it in the accounting records with a debit to Computer Equipment and a credit to Cash of $$2,059.$

$($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.

Required:

Prepare the September $30$ bank reconciliation for this company.

$\backslash$table$[[$CHAVEZ COMPANY$],[$Bank Reconciliation$],[$September $30],[$Bank statement balance,,$$,20,408,$Book balance,,$$,19,318],[$Add:$,$Add:$],[,,,,$Note proceeds,$$,1,670,,],[,,,,$Interest earned,$14,,],[,,,0,,,,1,684],[,,20,408,,,,21,002],[$Deduct:$,$Deduct:$],[$Check Number $5893,513,,,$Error $($check $5904),43,,],[,,,$NSF check,$652,,],[,,,,,,],[,,513,,,,695],[$Adjusted bank balance,$$,19,895,$Adjusted book balance,,$$,20,307]]$ Prepare journal entries to adjust the book balance of cash to the reconciled balance.

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.

Assessment Tool iFrame

orksheet

$1$

$2$

$3$

$4$

$5$

$6$

Record the entry related to the September $30$ deposit, if required.

Note: Enter debits before credits. Assessment Tool iFrame

Journal entry worksheet

$1$

$3$

$4$

$5$

$6$

Record the entry related to interest earned, if required.

Note: Enter debits before credits.Assessment Tool iFrame

sheet

$1$

$2$

$3$

$4$

$5$

$6$

Record the entry related to the note receivable collected, if required.

Note: Enter debits before credits.Required information View transaction list

Assessment Tool iFrame

Journal entry worksheet

Record the entry related to interest earned, if required.

Note: Enter debits before credits.

Journal entry worksheet

Record the entry related to the outstanding checks, if required.

Note: Enter debits before credits. Journal entry worksheet

Record the entry related to the NSF check, if required.

Note: Enter debits before credits.

$[$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 $$1,037$ and Number $5893$ for $$513.$ Check Number $5893$ was still outstanding

as of September $30.$ The following information is available for its September $30$ reconciliation.

From Chavez Company's Accounting Records

Show all imagesShow all images