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dents Home LoudCloud SysteXMcGraw-Hill Education C X final C ? Onewconnect.mheducation.com/flow/connect.html final Required Informetion 6 The following information applies to the questions displayed below] Chavez Company most recently reconcled its bank statement and book balances of cash on August 31 and It reported two checks outstanding, No. 5888 for $1,067 and No. 5893 for $497. The following Information is avallable for its September 30, 2017, reconcliation Part 2 of 2 From the September 30 Bank Statement REVIOUS BALANCEITOTAL CHECKS AND DEBTS 11 TOTAL DEPOSITS AND CREDITS I CURRENT BALANCE 18,0e0 9,852 11,453 19,681 AND DEBITS DEPOSITS AND CREDITS Date Amount 9/e3 5888 9/84 5982 es/e7 59e1 1,e67 1,175 2,268 4,169 2,328 48 e9/12 1,833 e9721 628NSF 9/25 968 9/28 5985 e9/22 5983 e/22 s9ea 9/285987 9/29 59e9 3IN 57e89/38 1,58ecM 2,e92 276 1,878 From Chavez Company's Accounting Records Receipts Deposited Cash Debit sept s 12 21 1,275 2,268 4.25 ?Prey 6:a. 17 Score.answer > O Type here to searchExplanation / Answer
ans 1 Bank Reconciliation as on Sep 30 Cash balance according to bank statement $19,601 Add: deposits of Sep 30 $1,667 1667 Deductions $21,268 Check Outstanding Check no 5893 497 Check No 5906 1039 Check No 5908 414 1950 Adjusted Bank Balance $19,318 Company's Book Cash balance according to company's records 18473 Add Interest earned 13 Proceeds of note less fees 1500 1513 19986 Deductions Error check 5904 40 NSF 628 668 Adjusted Book balance 19318 ans 2 Trans Accounts Tilte Dr Cr 30-Sep No entry required 30-Sep Cash 13 Interest earned 13 30-Sep Cash $1,500 Collection expense $20 Notes Receivable $1,520 30-Sep No entry required 30-Sep Accounts receivable-S Nilson 628 CAsh 628 30-Sep Computer Equipment 40 Cash 40 If any doubt please comment
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