ek ye TH SHbws what is correct or incorrect for the work you have completed so f

Question

ek ye TH SHbws what is correct or incorrect for the work you have completed so far. It do 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 $1,066 and No. 5893 for $507. The following information is available for its September 30, 2017, reconciliation. From the September 30 Bank Statement 11,526 22,229 CHECKS AND DEBITS DEPOSITS AND CREDITS No. 09/03 5888 es/04 5902 09/07 5901 Amount 1,178 2,239 4,068 2,368 Date 1,066 709 1,867 09/12 09/21 606NSF 09/25 09/30 416 9/30 16IN 1,657CH 09/20 5905 09/22 5903 09/22 5904 09/28 5907 09/29 5909 912 267 From Chavez Company's Accounting Records Cash Receipts Deposited

Explanation / Answer

CHAVEZ COMPANY Bank Reconciliation 30-Sep-15 Bank statement balance $22,229.00 Book balance $20,940.00 Add: Add: Deposit of Sept. 30 $1,712.00 Interest earned $16.00 Proceeds of note less $23 fee 1,657.00 1712 1673 $23,941.00 $22,613.00 Deduct: Deduct: Check No. 5893 507 NSF check 606 Check No. 5906 1047 Error (check 5904) 43 Check No. 5908 423 1977 649 Adjusted bank balance $21,964.00 Adjusted book balance $21,964.00 Date General Journal Debit Credit 30-Sep No journal entry required 30-Sep Cash 16 Interest earned 16 30-Sep Cash 1,657.00 Collection expense 23 Notes receivable 1,680.00 30-Sep No journal entry required 30-Sep Accounts receivable—S.Nilson 606 Cash 606 30-Sep Computer equipment 43 Cash 43

Related Questions

Navigate

• Browse (All)
• Browse E
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.