Question

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 $1,080 and No. 5893 for $496. 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 19,500 TOTAL CHECKS AND DEBITS 9,853 TOTAL DEPOSITS AND CREDITS 11,820 CURRENT BALANCE 21,467 CHECKS AND DEBITS Date No. Amount 09/03 5888 1,080 09/04 5902 728 09/07 5901 1,835 09/17 669 NSF 09/20 5905 09/22 5903 403 09/22 5904 2,143 09/28 5907 239 09/29 5909 1,852 DEPOSITS AND CREDITS Date Amount 09/05 1.201 09/12 2,224 09/21 4,466 09/25 2,392 09/30 17 IN 09/30 1,520 CM 984 From Chavez Company's Accounting Records Cash Receipts Deposited Cash Date Debit Sept. 5 1,201 2,224 4,466 2,392 30 1,798 12.081

Answer 1

CHAVEZ COMPANY Bank Recon ciliation Septembes 30 Bank statement Bolance $20455 BOOK Balane Add: Add: DePOsite of sep 30 Interest eomed 798 I537 poceodof NOte IS 20 S 232 6 5 lESSPee F21992 Deduct: Deduct cheCk NO check No s906 $496 N SF cheak 669 1036 448 check No C&2143-2 1Os) F 38 (1989 F 21285 Ad/usted Bonk Balane F 21285 Adi Book Balane

Req 2 JOumar Ent Dale caed ACCOUNT Nome pebit sep 30 No 3OUnal entt equised sep 30 cash TO INteaest Eaned (3 Sep30 cash I520 TO NOte Re Calvatle IS20 sep 30 NO JOURN ay Entay equeq ACCOunt ReCaivable TO cash sep30 SNilson 669 $669 computer Eauip ment TO cash (6J sep 30 38 38 ी