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 $1,028.05 and No. 5893 for $494.25. The following Information Is avallable for Its September 30 reconciliation. From the September 30 Bank Statement PREVIOUS BALANCE TOTAL CHECKS AND DEBITS TOTAL DEPOSITS AND CREDITS CURRENT BALANCE 16,8ee.45 9,620.es 18,453.25 11,272.85 CHECKS AND DEBITS DEPOSITS AND CREDITS Date Аmount Date No. Amount e9/03 5888 1,028.e5 719.90 09/05 1,103.75 2,226.90 4,e93.ee 09/04 5902 e9/12 09/07 5901 e9/21 1,824.25 09/17 6ee.25 NSF e9/25 2,351.70 e9/20 5905 937.80 e9/30 12.50 IN e9/22 5903 399.10 09/30 1,485.e0 CM 09/22 5984 2,e90.ee e9/28 5907 213.85 09/29 5909 1,807.65 From Chavez Company's Accounting Records Cash Receipts Deposited Cash Debit Date Sep. 5 1,103.7 2,226.90 4,e93.ee 2,351.70 1,682.75 12 21 25 30 11,458.10 Cash Disbursements Check Cash Credit No. 5901 1,824.25 59e2 719.90 5903 399.10 5984 2,860.ee 59e5 937.80 5986 982.30 59e7 213.85 388.00 5988 5909 1,807.65 9,332.05 Cash Acct. No. 101 Explanation Aug. 31 Balance Date Debit Credit Balance PR 15,278.15 Total nocoin+r R11 11 469 10 Son 16 736 16 5902 719.90 5903 399.10 5904 2,060.ee 5905 937.00 982.30 5906 5907 213.85 59e8 388.ee 59e9 1,807.65 9,332.05 Cash Acct. No. 101 Explanation Aug. 31 Balance Sep. 30 Total receipts Date PR Debit Credit Balance 15,278.15 26,736.25 17,404.20 R12 11,458.10 30 Total disbursements D23 9,332.05 Addltional Information Check No. 5904 Is correctly drawn for $2,090 to pay for computer equlpment; however, the recordkeeper misread the amount and entered It In the accounting records with a debit to Computer Equipment and a credit to Cash of $2,060. The NSF check shown in the statement was originally recelved from a customer, S. Nilson, In payment of her account. Its retur has not yet been recorded by the company. The credit memorandum (CM) Is from the collection of a $1,500 note for Chavez Company by the bank. The bank deducted a $15 collection expense. The collection and expense are not yet recorded Required: 1. Prepare the September 30 bank reconcliation for this company. (Round your answers to 2 decimal places.) CHAVEZ COMPANY Bank Reconciliation September 30 Bank statement balance Book balance Add: Add: 0.00 0.00 0.00 0.00 Deduct Deduct: 0.00 0.00 0.00 Adjusted book balance 0.00 Adjusted bank balance

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 $1,028.05 and No. 5893 for $494.25. The following Information Is avallable for Its September 30 reconciliation. From the September 30 Bank Statement PREVIOUS BALANCE TOTAL CHECKS AND DEBITS TOTAL DEPOSITS AND CREDITS CURRENT BALANCE 16,8ee.45 9,620.es 18,453.25 11,272.85 CHECKS AND DEBITS DEPOSITS AND CREDITS Date Аmount Date No. Amount e9/03 5888 1,028.e5 719.90 09/05 1,103.75 2,226.90 4,e93.ee 09/04 5902 e9/12 09/07 5901 e9/21 1,824.25 09/17 6ee.25 NSF e9/25 2,351.70 e9/20 5905 937.80 e9/30 12.50 IN e9/22 5903 399.10 09/30 1,485.e0 CM 09/22 5984 2,e90.ee e9/28 5907 213.85 09/29 5909 1,807.65 From Chavez Company's Accounting Records Cash Receipts Deposited Cash Debit Date Sep. 5 1,103.7 2,226.90 4,e93.ee 2,351.70 1,682.75 12 21 25 30 11,458.10 Cash Disbursements Check Cash Credit No. 5901 1,824.25 59e2 719.90 5903 399.10 5984 2,860.ee 59e5 937.80 5986 982.30 59e7 213.85 388.00 5988 5909 1,807.65 9,332.05 Cash Acct. No. 101 Explanation Aug. 31 Balance Date Debit Credit Balance PR 15,278.15 Total nocoin+r R11 11 469 10 Son 16 736 16 5902 719.90 5903 399.10 5904 2,060.ee 5905 937.00 982.30 5906 5907 213.85 59e8 388.ee 59e9 1,807.65 9,332.05 Cash Acct. No. 101 Explanation Aug. 31 Balance Sep. 30 Total receipts Date PR Debit Credit Balance 15,278.15 26,736.25 17,404.20 R12 11,458.10 30 Total disbursements D23 9,332.05 Addltional Information Check No. 5904 Is correctly drawn for $2,090 to pay for computer equlpment; however, the recordkeeper misread the amount and entered It In the accounting records with a debit to Computer Equipment and a credit to Cash of $2,060. The NSF check shown in the statement was originally recelved from a customer, S. Nilson, In payment of her account. Its retur has not yet been recorded by the company. The credit memorandum (CM) Is from the collection of a $1,500 note for Chavez Company by the bank. The bank deducted a $15 collection expense. The collection and expense are not yet recorded Required: 1. Prepare the September 30 bank reconcliation for this company. (Round your answers to 2 decimal places.) CHAVEZ COMPANY Bank Reconciliation September 30 Bank statement balance Book balance Add: Add: 0.00 0.00 0.00 0.00 Deduct Deduct: 0.00 0.00 0.00 Adjusted book balance 0.00 Adjusted bank balance

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 $1,028.05 and No. 5893 for $494.25. The following Information Is avallable for Its September 30 reconciliation. From the September 30 Bank Statement PREVIOUS BALANCE TOTAL CHECKS AND DEBITS TOTAL DEPOSITS AND CREDITS CURRENT BALANCE 16,8ee.45 9,620.es 18,453.25 11,272.85 CHECKS AND DEBITS DEPOSITS AND CREDITS Date Аmount Date No. Amount e9/03 5888 1,028.e5 719.90 09/05 1,103.75 2,226.90 4,e93.ee 09/04 5902 e9/12 09/07 5901 e9/21 1,824.25 09/17 6ee.25 NSF e9/25 2,351.70 e9/20 5905 937.80 e9/30 12.50 IN e9/22 5903 399.10 09/30 1,485.e0 CM 09/22 5984 2,e90.ee e9/28 5907 213.85 09/29 5909 1,807.65 From Chavez Company's Accounting Records Cash Receipts Deposited Cash Debit Date Sep. 5 1,103.7 2,226.90 4,e93.ee 2,351.70 1,682.75 12 21 25 30 11,458.10 Cash Disbursements Check Cash Credit No. 5901 1,824.25 59e2 719.90 5903 399.10 5984 2,860.ee 59e5 937.80 5986 982.30 59e7 213.85 388.00 5988 5909 1,807.65 9,332.05 Cash Acct. No. 101 Explanation Aug. 31 Balance Date Debit Credit Balance PR 15,278.15 Total nocoin+r R11 11 469 10 Son 16 736 16 5902 719.90 5903 399.10 5904 2,060.ee 5905 937.00 982.30 5906 5907 213.85 59e8 388.ee 59e9 1,807.65 9,332.05 Cash Acct. No. 101 Explanation Aug. 31 Balance Sep. 30 Total receipts Date PR Debit Credit Balance 15,278.15 26,736.25 17,404.20 R12 11,458.10 30 Total disbursements D23 9,332.05 Addltional Information Check No. 5904 Is correctly drawn for $2,090 to pay for computer equlpment; however, the recordkeeper misread the amount and entered It In the accounting records with a debit to Computer Equipment and a credit to Cash of $2,060. The NSF check shown in the statement was originally recelved from a customer, S. Nilson, In payment of her account. Its retur has not yet been recorded by the company. The credit memorandum (CM) Is from the collection of a $1,500 note for Chavez Company by the bank. The bank deducted a $15 collection expense. The collection and expense are not yet recorded Required: 1. Prepare the September 30 bank reconcliation for this company. (Round your answers to 2 decimal places.) CHAVEZ COMPANY Bank Reconciliation September 30 Bank statement balance Book balance Add: Add: 0.00 0.00 0.00 0.00 Deduct Deduct: 0.00 0.00 0.00 Adjusted book balance 0.00 Adjusted bank balance

Financial Accounting: The Impact on Decision Makers

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter6: Cash And Internal Control

Section: Chapter Questions

Problem 6.4E

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Related questions

Question

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 $1,028.05 and No. 5893 for $494.25. The following Information Is avallable for Its
September 30 reconciliation.
From the September 30 Bank Statement
PREVIOUS BALANCE
TOTAL CHECKS AND DEBITS
TOTAL DEPOSITS AND CREDITS
CURRENT BALANCE
16,8ee.45
9,620.es
18,453.25
11,272.85
CHECKS AND DEBITS
DEPOSITS AND CREDITS
Date
Аmount
Date
No.
Amount
e9/03
5888
1,028.e5
719.90
09/05
1,103.75
2,226.90
4,e93.ee
09/04
5902
e9/12
09/07
5901
e9/21
1,824.25
09/17
6ee.25 NSF
e9/25
2,351.70
e9/20
5905
937.80
e9/30
12.50 IN
e9/22
5903
399.10
09/30
1,485.e0 CM
09/22
5984
2,e90.ee
e9/28
5907
213.85
09/29
5909
1,807.65
From Chavez Company's Accounting Records
Cash Receipts Deposited
Cash
Debit
Date
Sep. 5
1,103.7
2,226.90
4,e93.ee
2,351.70
1,682.75
12
21
25
30
11,458.10
Cash Disbursements
Check
Cash
Credit
No.
5901
1,824.25
59e2
719.90
5903
399.10
5984
2,860.ee
59e5
937.80
5986
982.30
59e7
213.85
388.00
5988
5909
1,807.65
9,332.05
Cash
Acct. No. 101
Explanation
Aug. 31 Balance
Date
Debit
Credit
Balance
PR
15,278.15
Total nocoin+r
R11
11 469 10
Son
16 736 16

5902
719.90
5903
399.10
5904
2,060.ee
5905
937.00
982.30
5906
5907
213.85
59e8
388.ee
59e9
1,807.65
9,332.05
Cash
Acct. No. 101
Explanation
Aug. 31 Balance
Sep. 30 Total receipts
Date
PR
Debit
Credit
Balance
15,278.15
26,736.25
17,404.20
R12
11,458.10
30 Total disbursements
D23
9,332.05
Addltional Information
Check No. 5904 Is correctly drawn for $2,090 to pay for computer equlpment; however, the recordkeeper misread the
amount and entered It In the accounting records with a debit to Computer Equipment and a credit to Cash of $2,060. The
NSF check shown in the statement was originally recelved from a customer, S. Nilson, In payment of her account. Its retur
has not yet been recorded by the company. The credit memorandum (CM) Is from the collection of a $1,500 note for
Chavez Company by the bank. The bank deducted a $15 collection expense. The collection and expense are not yet
recorded
Required:
1. Prepare the September 30 bank reconcliation for this company. (Round your answers to 2 decimal places.)
CHAVEZ COMPANY
Bank Reconciliation
September 30
Bank statement balance
Book balance
Add:
Add:
0.00
0.00
0.00
0.00
Deduct
Deduct:
0.00
0.00
0.00 Adjusted book balance
0.00
Adjusted bank balance

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