Question

Problem 6-5A Preparing a bank reconciliation and recording adjustments LO P3 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, No. 5888 for $1,022 and No. 5893 for $503. 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 17,000 TOTAL CHECKS AND DEBITS 9,941 TOTAL DEPOSITS AND CREDITS 11,621 CURRENT BALANCE 18,680 CHECKS AND DEBITS Date No. Amount 09/03 5888 1,022 09/04 5902 793 09/07 5901 1,864 09/17 641 NSF 09/20 5905 934 09/22 5903 431 09/22 5904 2,138 09/28 5907 221 09/29 5909 1,897 DEPOSITS AND CREDITS Date Amount 09/05 1,134 09/12 2,247 09/21 4,254 09/25 2,321 09/30 15 IN 09/30 1,650 CM From Chavez Company's Accounting Records Cash Receipts Deposited Cash Date Debit Sept. 5 1,134 2,247 11,741 Cash Payments Cash

Answer 1

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Date	General Journal	Debit	Credit
Sept 30	No journal entry required
Sept 30	Cash	15
	Interest earned		15
Sept 30	Cash	1,650
	Notes receivable		1,650
Sept 30	No journal entry required
Sept 30	Accounts receivable—S.Nilson	641
	Cash		641
Sept 30	Computer equipment	40		=2138-2098
	Cash		40