Question

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 $1,068 and No. 5893 for $494. The following information is available for its September 30 reconciliation. From the September 30 Bank Statement CURENT BALANCE 20,773 PREVIOUS BALANCE TOTAL CHECKS AND DEBITS TOTAL DEPOSITS AND CREDITS 19,000 9,943 11,716 CHECKS AND DEBITS DEPOSITS AND CREDITS Date No. Amount Date Amount 09/03 5888 1,068 770 1,863 09/05 09/12 09/21 09/25 09/30 09/30 1,146 2,288 4,268 2,400 22 IN 1,592 CH 5902 09/04 09/07 09/17 09/20 09/22 09/22 5901 671 NSP 5905 934 5903 5904 424 2,112 215 1,886 09/28 5907 09/29 5909 From Chavez Company's Accounting Records Cash Receipts Deposited Cash Debit 1,146 2,288 4,268 2,400 1,703 Date Sept. 5 12 21 25 30 11,805

Answer 1

2
Date	General Journal	Debit	Credit
Sept 30	No journal entry required
Sept 30	Cash	22
	Interest earned		22
Sept 30	Cash	1,592
	Collection expense	18
	Notes receivable		1,610
Sept 30	No journal entry required
Sept 30	Accounts receivable—S.Nilson	671
	Cash		671
Sept 30	Computer equipment	40		=2112-2072
	Cash		40