Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. cnavez company most recently reconclied its dank s

Cnavez Company most recently reconclied its Dank statement and Dook balances ot casn on August...

90.2K

Verified Solution

Question

Accounting

image
image
image
Cnavez Company most recently reconclied its Dank statement and Dook balances ot casn on August 31 ano it reported two checks outstanding. Number 5888 for $1,062 and Number 5893 for $492. Check Number 5893 was still outstanding as of September 30 . The following information is avallable for its September 30 reconciliation. From Chavez Company's Accounting Records Additional Information (a) Check Number 5904 is correctly drawn for $2,124 to pay for computer equipment; however, the recordkeeper misread the amount and entered it in the accounting records with a debit to Computer Equipment and a credit to Cash or $2,082. (b) The NSF check shown in the statement was originally recelved from a customer, S. Nilson, in payment of her account. its return has not yet been recorded by the company. (c) The collection of the note on September 30 is not yet recorded by the company. Required: 1. Prepare the September 30 bank reconciliation for this company

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

In a school there are 500 girls and 450 boys What is the ratio of...

Geometry
Q

A quadrilateral midsegments has vertices at A(-3,1), B (-5,-9), C (7,-1) and D (3,3). Prove...

Geometry
Q

Which of the following are factors for which researchers should control studies about the gender...

Statistics
Q

Exercise 11-3(Algo) Accounting for par, stated, and no-par stock issuances LO P1 ...

Accounting
Q

Question 62 of 75. James, who lives in Texas, is searching for like-kind replacement property...

Accounting
Q

Tomlinson Packaging Corporation began business in 2017 by issuing 45000 shares of $5 par common...

Accounting
Q

Exercise 10-7 Direct Materials Variances [LO10-1] Huron Company produces a commercial cleaning compound known as...

Accounting
Q

International Steel Company has budgeted manufacturing overhead costs of $1,934,000. It has allocated overhead on...

Accounting
Q

solve 3 plz Task 2 Question 2 For the last two...

Accounting
Q

help please Halva Corporation produces and sells a single product...

Accounting
Q

DG Aerotech, an aerospace research firm, announced this morning that it hired the world's most...

Finance
Q

On June 15, 2017, Best Furniture discarded equipment that had a cost of $29,000, a...

Accounting