Question

PLEASE ANSWER ACCORDING TO THE RESPECTIVE TABLES; {THE BLUE HIGHLIGHT AREAS AROUND EACH UNIT}

Required information 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 $1,010 and No. 5893 for $510. 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 9,663 TOTAL DEPOSITS AND CREDITS 11,603 CURRENT BALANCE 18,940 CHECKS AND DEBITS Date No. Amount 09/03 5888 1,010 09/04 5902 734 09/07 5901 1,805 09/17 615 NSF 09/20 5905 09/22 5903 09/22 5904 2,087 09/28 5907 227 89/295999 1,886 DEPOSITS AND CREDITS Date Amount 09/05 1,108 09/12 2,257 09/21 4,345 09/25 2,320 09/30 23 IN 09/30 1,550 CM

Answer 1

CHAVEZ COMPANY
Bank Reconciliation
30-Sep-15
Bank statement balance		$       18,940	Book balance		$       17,731
Add:			Add:
Deposit of Sept. 30	$       1,685		Interest earned	$            23
			Proceeds of note less fee	$       1,550
		$         1,685			$         1,573
		$       20,625			$       19,304
Deduct:			Deduct:
Check No. 5893	$          510		NSF check	$          615
Check No. 5906	$       1,019		Error (check 5904)	$            41
Check No. 5908	$          448
		$         1,977			$            656
Adjusted bank balance		$       18,648	Adjusted book balance		$       18,648