Problem 8-5A Preparing a bank reconciliation and recording adjustments 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, No. 5888 for $1,010 and No. 5893 for $517. The following information is available for its September 30, 2017, reconciliation.

From the September 30 Bank Statement

PREVIOUS BALANCE	TOTAL CHECKS AND DEBITS	TOTAL DEPOSITS AND CREDITS	CURRENT BALANCE
17,000	9,854	11,533	18,679

CHECKS AND DEBITS					DEPOSITS AND CREDITS
Date	No.	Amount			Date	Amount
09/03	5888	1,010			09/05	1,184
09/04	5902	782			09/12	2,262
09/07	5901	1,889			09/21	4,137
09/17		670	NSF		09/25	2,356
09/20	5905	957			09/30	20	IN
09/22	5903	356			09/30	1,574	CM
09/22	5904	2,089
09/28	5907	251
09/29	5909	1,850

From Chavez Companys Accounting Records

Cash Receipts Deposited
Date		Cash Debit
Sept.	5		1,184
	12		2,262
	21		4,137
	25		2,356
	30		1,658
			11,597

Cash Disbursements
Check No.		Cash Credit
5901			1,889
5902			782
5903			356
5904			2,052
5905			957
5906			957
5907			251
5908			352
5909			1,850
			9,446

Cash			Acct. No. 101
Date	Explanation	PR	Debit	Credit	Balance
Aug. 31	Balance				15,473
Sept. 30	Total receipts	R12	11,597		27,070
30	Total disbursements	D23		9,446	17,624

Additional Information Check No. 5904 is correctly drawn for $2,089 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 $2,052. 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. The credit memorandum is from the collection of a $1,590 note for Chavez Company by the bank. The bank deducted a $16 collection fee. The collection and fee are not yet recorded.

Problem 8-5A Part 2

2. Prepare the journal entries to adjust the book balance of cash to the reconciled balance. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

Saved Help Sav Required information 2. Prepare the journal entries to adjust the book balance of cash to the reconciled balance. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 5 6 Record the entry related to the September 30 deposit, if required. Note: Enter debits before credits. Date General Journal Debit Credit Sept 30