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Problem 6-5A (Static) Preparing a bank reconciliation and recording entries 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 reported two checks outstanding Number 5888 for $1,028 and Number 5893 for $494. Check Number 5893 was still outstanding as of September 30. The following information is available for its September 30 reconciliation, Date September 1 September 3 September 4 September 5 September 7 September 12 September 17 September 20 September 21 September 22 September 22 September 25 September 28 September 29 September 30 September 30 Description Check #5888 Check W5902 Cash deposit Check #5901 Cash deposit NSF check Check #5905 Cash deposit Check #5903 Check #5904 Cash deposit Check #5907 Check #5909 Collected note Interest earned Withdrawals Deposits $ 1,028 $ 719 $ 1,103 $ 1,824 $ 2,226 $ 600 $ 937 $ 4,093 $ 399 $ 2,090 $ 2,351 $ 213 $ 1,807 $ 1,485 $ 12 Balance $ 16,800 $ 15,772 $ 15,053 $ 16, 156 $ 14,332 $ 16,558 $ 15,958 $ 15,021 $ 19,114 $ 18,715 $ 16,625 $ 18,976 $ 18,763 $ 16,956 $ 18,441 $ 18,453 From Chavez Company's Accounting Records Cash Receipts Deposited Date Cash Debit September 5 1,103 September 12 2,226 September 21 4,093 September 25 2,351 September 30 1,682 Save September 30 Interest earned $ 12 $ 18,453 From Chavez Company's Accounting Records Cash Receipts Deposited Date Cash Debit September 5 1,103 September 12 2,226 September 21 4,093 September 25 2,351 September 30 1,682 11,455 Cash Payments Check Number Cash Credit 5901 1,824 5902 719 5903 399 5904 2,060 5905 937 5906 982 5907 213 5908 388 5909 1,807 9,329 PR Debit Date August 31 September 30 September 30 Cash Explanation Balance Total receipts Total payments Account Number 101 Credit Balance 15,278 26,733 9, 329 17,404 11,455 R12 D23 Additional Information 5906 5907 5908 5909 982 213 388 1,807 9,329 PR Debit Date August 31 September 30 September 30 Cash Explanation Balance Total receipts Total payments Account Number 101 Credit Balance 15,278 26,733 9,329 17,404 R12 D23 11,455 Additional Information (a) Check Number 5904 is correctly drawn for $2,090 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 of $2,060. (6) The NSF check shown in the statement was originally received 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 information View transaction list Journal entry worksheet Record the entry related to the September 30 deposit, If required. Note: Enter debits before credits. Date General Journal Debit Credit September 30 Record entry Clear entry View general journal Journal entry worksheet 1 > 2 2 3 4 5 6 Record the entry related to interest earned, if required. Note: Enter debits before credits Debit Credit Date General Journal September 30 View general Journal Clear entry Record entry Journal entry worksheet Record the entry related to the note receivable collected, if required. Note: Enter debits before credits. Date General Journal Debit Credit September 30 Record entry Clear entry View general journal Journal entry worksheet Record the entry related to the outstanding checks, if required. Note: Enter debits before credits. Date General Journal Debit Credit September 30 Record entry Clear entry View general journal Journal entry worksheet Record the entry related to the NSF check, if required. Note: Enter debits before credits. General Journal Debit Credit Date September 30 Record entry Clear entry View general journal Journal entry worksheet 2 3 4 5 6 > Record the entry related to the error on check 5904, if required. Note: Enter debits before credits. Date General Journal Debit Credit September 30 View general Journal Record entry Clear entry

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