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 reporte two checks outstanding, No. 5888 for $1,058 and No. 5893 for $493. The following information is available for its September 30 reconciliation. From the September 30 Bank Statement PREVIOUS BALANCE 19,500 TOTAL CHECKS AND DEBITS 10,010 TOTAL DEPOSITS AND CREDITS 11,609 CURRENT BALANCE 21,099 CHECKS AND DEBITS Date No. Amount 09/03 5888 1,058 09/04 5902 784 09/07 5901 1,892 09/17 670 NSF 09/20 5905 977 09/22 5903 430 09/22 5904 2,097 09/28 5907 237 09/29 5909 1,865 DEPOSITS AND CREDITS Date Amount 09/05 1,164 09/12 2,300 09/21 4,076 09/25 2,381 09/30 18 IN 09/30 1,670 CM

Answer 1

2
Date	General Journal	Debit	Credit
Sept 30	No journal entry required
Sept 30	Cash	18
	Interest earned		18
Sept 30	Cash	1,670
	Collection expense	20
	Notes receivable		1,690
Sept 30	No journal entry required
Sept 30	Accounts receivable—S.Nilson	670
	Cash		670
Sept 30	Computer equipment	42		=2097-2055
	Cash		42