Chapter 6 Graded Homework Required information [The following intormation applie

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Chapter 6 Graded Homework Required information [The following intormation applies to the questions displayed below Chavez Company most recently reconciled its bank statement and book balances of cash on August 31 and it report thwo checks outstanding. No 5888 for $1024 and No. 5893 for $515. The folowing information is available for its September 30, 2017, reconcilation (200m From the September 30 Bank Statement 9/94 5982 781 9/12 21NSF/25 354 9/30 1.835 2,331 09128 905 0/22 553 9/22 5504 92 5907 ,5460M 2,130 1,886 Prev 1.2 2 Next > O Type here to search 8 8

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Solution:

Chavez Company Bank Reconciliation - September 30 Bank's Cash balance Company's cash balance Particulars Amount Particulars Amount Ending balance as per Bank Statements $19,917.00 Ending Balance as per cash books $18,878.00 Additions: Additions: Outstanding cash receipt $1,784.00 Note Collection $1,570.00 Interest earned $15.00 Deductions: Deductions: Outstanding Checks ($1003 + $406 + $515) $1,924.00 NSF Cheque $621.00 Service Charge $24.00 Incorrect recording of cheque $41.00 Up to date cash balance as per bank $19,777.00 Up to date cash balance as per books $19,777.00

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