Lasil Payments Check Number Cash Credit 5901 1,846 5902 740 5903 399 5904 2,044 5905 935...

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Lasil Payments Check Number Cash Credit 5901 1,846 5902 740 5903 399 5904 2,044 5905 935 5906 1,040 5907 244 5908 384 5909 1,882 9,514 Cash Account Number 101 Date August 31 Explanation PR Debit Credit Balance Balance 15,444 September 30 Total receipts R12 11,560 27,004 September 30 Total payments D23 9,514 17,496 Additional Information (a) Check Number 5904 is correctly drawn for $2,082 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 $2,044. (b) 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 credit memorandum (CM) Is from the collection of a $1,680 note for Chavez Company by the bank. The collection is not yet recorded. Required: 1. Prepare the September 30 bank reconciliation for this company. Bank statement balance Add: Deduct CHAVEZ COMPANY Bank Reconciliation September 30 Book balance Add: 0 Deduct O Adjusted bank balance 0 Adjusted book balance Lasil Payments Check Number Cash Credit 5901 1,846 5902 740 5903 399 5904 2,044 5905 935 5906 1,040 5907 244 5908 384 5909 1,882 9,514 Cash Account Number 101 Date August 31 Explanation PR Debit Credit Balance Balance 15,444 September 30 Total receipts R12 11,560 27,004 September 30 Total payments D23 9,514 17,496 Additional Information (a) Check Number 5904 is correctly drawn for $2,082 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 $2,044. (b) 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 credit memorandum (CM) Is from the collection of a $1,680 note for Chavez Company by the bank. The collection is not yet recorded. Required: 1. Prepare the September 30 bank reconciliation for this company. Bank statement balance Add: Deduct CHAVEZ COMPANY Bank Reconciliation September 30 Book balance Add: 0 Deduct O Adjusted bank balance 0 Adjusted book balance

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CHAVEZ COMPANY Bank Reconciliation September 30 Bank Statement Balance 15... View the full answer